Novartis Says Ended Contract With Firm Linked to Trump Lawyer - (U.S. News & World via NewsPoints Desk)

  • Novartis announced it has ended a contract with a legal firm linked to US President Donald Trump's lawyer Michael Cohen, describing the relationship as a mistake, as reported US News & World Report Wednesday.

  • The Swiss drugmaker, which is not been linked to the criminal investigation targeting Cohen, acknowledged that it made payments totalling nearly $1.2 million to the firm.

  • The contract was signed prior to the appointment of current Novartis CEO Vas Narasimhan earlier this year.

  • Novartis explained that the one-year contract with the legal firm, which ended in February, focused on US healthcare policy.

  • "Novartis cooperated fully with the Special Counsel's office and provided all the information requested," the company stated, adding "Novartis considers this matter closed."

  • The news comes after shareholders criticised management earlier this year amid a probe of allegations of bribery in Greece and previous fines and settlements related to kickback allegations in China, South Korea and the US.

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