Pharmaceutical company Bell-Kenz Pharma denies allegations it is a pyramid scheme, but admits it gave incentives to doctors who were also its shareholders.
Full story: https://www.rappler.com/philippines/pharmaceutical-company-bell-kentz-admits-giving-incentives-doctors/
Full story: https://www.rappler.com/philippines/pharmaceutical-company-bell-kentz-admits-giving-incentives-doctors/
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NewsTranscript
00:00 Pharmaceutical company Belkenz Pharma denies allegations it is a pyramid scheme
00:05 but admits it gave incentives to doctors who were also its shareholders.
00:09 In a Senate hearing on Tuesday, April 30, Belkenz Pharma CEO Luis Raymond Goh
00:15 denies doctors received commissions from the company.
00:18 This after reports that some doctors would prescribe certain brands that they could profit from
00:22 in a scheme that's similar to multi-level marketing.
00:25 Goh denies this but admits the company gives incentives to doctors who prescribe its products.
00:31 Incentives include educational assistance both local and foreign, medical equipment, and overseas trips.
00:37 Under the country's Generics Act, medical, dental, and even veterinary practitioners
00:42 are to prescribe a drug's generic name, not specific brands.
00:47 Private doctors are allowed to put their preferred brand
00:49 but those in government hospitals are required to only use generic names.
00:53 (upbeat music)