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EU: First drug maker appeals pay-for-delay penalty

 |  July 11, 2014

At least one drug maker sanctioned earlier this month by the European Commission for pay-for-delay agreements has appealed the sanction, according to reports.

Pharmaceutical firm Mylan, which owns Matrix laboratories – one of the companies fined by the Commission – will challenge the fines that were imposed after the Commission found Matrix to have struck anticompetitive agreements with France’s Servier Laboratories to delay Matrix’s generic, cheaper form of a competing drug.

Five companies in total were fined by the Commission. Lupin and Unichem, also fined, also vowed to appeal the ruling.

Full content: Hindu Business Line

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