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Mexico: COFECE to probe generic drug market

By  |  July 26, 2016

Mexico’s competition regulator COFECE has announced the start of a thorough market study, aimed at the generic drug market.

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    The regulator said it is concerned with finding out why, out of approximately 350 “single source” medicines obtained by the Public Health sector through direct no-contest contracts, up to 63% are not patent-protected. However, despite this lack of protection, no rival makers have appeared to challenge these products’ sole manufacturers or distributors.

    “International evidence indicates that, when a patent on an innovative medication run out, the arrival of several ‘generics’ makers is a boon to competition, translating into lower prices and a greater range of options for consumers” said the COFECE.

    After conducting their investigation, the agency is expected to make a series of recommendations and proposals aimed at improving free competition in this market, including any necessary sanctions or remedies to correct failings in the market.

    Full Content: América Economía

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