Sept 17 Swiss drugmaker Roche ROG.VX has
halted deliveries of drugs to some state-owned Greek hospitals,
the Wall Street Journal reported the company's chief executive
Roche CEO Severin Schwan told the Journal that the
hospitals hadn't paid their bills.
Some hospitals "haven't paid their bills in three or four
years," Schwan said in a report on the WSJ website. "There
comes a point where the business is not sustainable anymore."
Roche is increasing its deliveries to pharmacies in Greece.
Schwan told the Journal that patients were not being deprived
The company may need to take similar action in Spain, he
said, and noted that some state-funded hospitals in Portugal
and Italy are also late on their payments.
Roche could not be immediately reached for comment.
(Reporting by Michael Erman in New York; Editing by Richard