In a press release it has been announced that the European Commission has concluded its look into Europe’s pharmaceutical industry and has decided to take action against pharmaceutical companies in three major cases, issuing the companies statements of objections. The inquiry into the sector ran from 2008-2009. In its search, the Commission found weaker-than-expected competition contributed by generic producers, attributing the find to pay-for-delay transactions, as well as competition problems by market dominators who look to shut out the generic competitors from the market. Following these findings, the Commission sent statements of objections to more than 14 companies in two cases of possible competition infringement through “anticompetitive agreements and, in part, unilateral practices.”
Full Content: European Commission
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
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
Apple Faces Contempt Hearings Over App Store Reforms
May 19, 2024 by
CPI
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 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