The Democratic Alliance (DA) said it would write to the Competition Commission and the Medicines Control Council to request that they investigate the market conduct of Aspen Pharmacare, the leading South African pharmaceutical company.
This comes as a response to reports in the United Kingdom and South Africa detailing how staff at Aspen Pharmacare allegedly plotted to dispose of life-saving cancer medication in order to drive up their price across Europe.
The London-based Times newspaper reported allegations that this campaign had seen prices of life-saving cancer treatment inflated by more than 1,000 percent.
“The price rises meant that the cost of Busulfan, used by leukaemia patients, rose from £5.20 to £65.22 a pack in England and Wales during 2013, an increase of more than 1,100 percent. The prices of chlorambucil, also used to treat blood cancer, rose from £8.36 to £40.51 a pack in the same year.”
DA spokesperson on health Wilmot James said the World Bank had already highlighted that the South African pharmaceutical industry was controlled by cartels and operated in an uncompetitive manner, which would have the effect of increasing the cost of medication.
“Given the reports about how the cost of cancer drugs in Europe have been inflated, an investigation by the Competition Commission and the Medicines Control Council must, therefore, look into whether the same tactics are being used in our own country,” James said in a statement.
“It appears to be an effort to manipulate the market for drugs that effectively will put them out of reach for many, if not most.”
James also said the DA would seek clarity from the Competition Commission as to whether they were currently investigating the South African pharmaceutical industry for uncompetitive behaviour and, if so, to make public the findings thereof.
Full Content: E NCA
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
South Africa Approves Canal+ MultiChoice Deal
May 21, 2025 by
CPI
WhatsApp Co-Founder Undermines Antitrust Allegations Against Meta in Court Testimony
May 21, 2025 by
CPI
OpenAI Acquires Jony Ive’s io for $6.4B to Pioneer Post-Smartphone Devices
May 21, 2025 by
CPI
Dior Commits €2 Million to Labor Initiatives in Italian Antitrust Settlement
May 21, 2025 by
CPI
Indonesia’s Antitrust Watchdog Probes Potential Risks of Grab-GoTo Merger
May 21, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Industrial Policy
May 21, 2025 by
CPI
Industrial Strategy and the Role of Competition – Taking a Business Lens
May 21, 2025 by
Marcus Bokkerink
Industrial Policy, Antitrust, and Economic Growth: Some Observations
May 21, 2025 by
David S. Evans
Bolder by Design: Crafting Pro-Competitive Industrial Policies For Complex Challenges
May 21, 2025 by
Antonio Capobianco & Beatriz Marques
Competition-Friendly Industrial Policy
May 21, 2025 by
Philippe Aghion, Mathias Dewatripont & Patrick Legros