G.D. Searle LLC, a Chilean subsidiary of pharma giant Pfizer, has responded to accusations by the country’s economic prosecutors, the FNE, and the country’s Tribunal for the Defense of Free Competition (TDLC), rejecting claims of market power abuse in the sale and placement of medicines containing the Celecoxib active ingredient, dominated by the brand’s Celebra formula.
The response, filed by Chilean attorney Guillermo Carey, states that “the FNE’s assessments are incorrect, and suffer from serious vices that lay bare a lack of understanding of the patent medicine system, which totally undermine the argument presented.” The statement clarifies that the conducts being denounced by the economic regulator as exclusionary and abusive are in fact “correspondent to the legitimate enforcement of G.D. Searle’s right to obtain – and then to defend- a currently valid patent protection.”
The statement emphasizes that their patent protection was granted through legitimate means. Furthermore, the company states, this protection has not only been granted in Chile, but also in several other countries such as Japan, Australia, Canada, China and India, where “it enjoys active, peaceful protection.”
Full Content: Economía y Negocios
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI