Pfizer charged with bribing overseas doctors

WASHINGTON(MarketWatch)
Federal Regulators on Tuesday charged pharmaceutical giant Pfizer Inc.with allegedly bribing doctors and others employed by foreign governments in order to win business
The Securities and Exchange Commission alleges that Pfizer employees in eight countries including Bulgaria, China, Croatia and the Czech Republic, made "improper payments" to foreign officials to obtain regulatory approvals, sales, and increased prescriptions for the company's products
According to the SEC, Pfizer and Wyeth LLC, which Pfizer acquired in 2009, agreed to pay

more than $45 million combined to settle their charges
In a parallel action, the Justice Department said Pfizer was fined $15 million to resolve that agency's investigation