CMA says second firm admits collusion on essential drug price hike
Netherlands-based drugmaker Tiofarma has admitted that it took part in an agreement that resulted in significant price hikes in the UK for an essential medicine.
This means that two of the three companies under investigation by Britain’s Competition and Markets Authority (CMA) have now admitted to an allegation that they illegally took part in an anti-competitive agreement.
The CMA has alleged, and provisionally found, that the agreement between the local unit of South Africa’s largest drugmaker Aspen (JSE: JPN), Tiofarma and UK-based Amilco contributed to the price of fludrocortisone acetate tablets supplied to the National Health Service (NHS) increasing by up to 1,800%. Fludrocortisone is a life-saving medicine that thousands of patients rely on to treat adrenal insufficiency, commonly known as Addison’s disease.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
More on this story...
Today's issue
Company Spotlight
More Features in Generics
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze