Chile’s National Economic Prosecutor (FNE) has presented its counterpart, the Tribunal for the Defense of Free Competition (TDLC) with charges against local drug-makers Laboratorio Biosano, Fresenius Kabi Chile and its affiliate Laboratorio Sanderson. Authorities have accused the companies of forming a decade-long arrangement to rig government contract bidding. The labs are the country’s only makers of medical ampoules for generic medication.
The FNE charges accuse the labs of rigging bids for supplying the national health system by defining beforehand which of the two would be the winner of each contest. The cartel would coordinate reference prices and adjust their offers to ensure the ‘right’ company would win a specific contract.
The FNE has asked for a fine of 18 thousand UTA units for Sanderson and 2 thousand UTA units for Biosano, bringing the total to around $17 million USD. Biosano was able to avoid sanctions due to its cooperation under Chile’s leniency program for antitrust violators.
Full Content: La Tercera
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
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
EU to Scrutinize Telecom Italia’s Network Sale to KKR
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