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Denmark: Pharmaceutical giant slams EU fine as unreasonable

 |  June 13, 2013

Danish pharmaceutical giant Lundbeck, which is one of several companies fined by the European Commission after an industry-wide probe, is slamming the regulator for fining the company on what it deems unreasonable grounds. The Commission raided Lundbeck offices in 2005 and then fined the company for making anticompetitive agreements with other pharmaceutical companies that barred them from producing generic forms of ones of Lundbeck’s most popular drugs. While the company claims those agreements were legal, and that it had the right to make those contracts while key patent lawsuits were being decided, the European Commission is fighting pharmaceutical companies against such so-called pay-for-delay schemes. Lundbeck is currently speaking out against the regulator for fining the company and modifying its accusations after the company sent a statement of objections concerning the Commission’s ruling.

Full Content: European Voice

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