The UK subsidiaries of Japan’s Astellas Pharma (TYO: 4503) and Hungarian drugmaker Gedeon Richter (RICHT: HB) have brought discredit upon, and reduced confidence in, the pharmaceutical industry, says trade group the Association of the British Pharmaceutical Industry (ABPI).
Both companies have been named in advertisements following breaches of the ABPI Code of Practice for the Pharmaceutical Industry. Astellas UK has been publicly reprimanded and Gedeon Richter required to issue a corrective statement.
Astellas UK – Case AUTH/2883/10/16: Following a voluntary admission about its oversight of and materials produced for two patient support programs related to Betmiga (mirabegron) and Vesicare (solifenacin succinate), Astellas was ruled in breach of the following clauses of the Code.
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