Baxter, a pharmaceutical company, has notched another mark on its list of corruption scandals. It is now Chile, where the National Economic Prosecutor’s Office (FNE) accuses Mexico’s drugmaker Jaime Alberto Upegui of colluding with another laboratory to jointly award a tender for saline sodium chloride, one of the most commonly used medical supplies in health centers. Both laboratories agreed among themselves to submit proposals to sell above market costs.
This illegal agreement, apparently orchestrated by senior Baxter executives, affected the National Center for Supply of the National Health Services System (Cenabast) and the Concepción Regional Hospital for more than 460 million Chilean pesos (US $700,000 aprox.).
To the list of cases of international corruption of this firm is added a pending judgment in the United States for practices of unfair trade, retaining intravenous solutions to create artificial demand in the market and then increase their prices by up to three hundred percent.
Full Content: Crónica
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
European Music Streaming Firms Rally Against Apple’s Proposed Remedies
May 9, 2024 by
CPI
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI