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EU: Commission updates on pharma market review

By  |  January 31, 2013
EU: Commission updates on pharma market review

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.”

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