Action against Australian plasma and vaccines producer CSL has continued to accelerate, since the US Federal Trade Commission blocked the firm's proposed $3.1 billion acquisition of the American firm Talecris Biotherapeutics last year on the basis of competition concerns and allegations of market manipulation, as CSL was already the second-largest blood-based medicines operator in the US market (The Pharma Letter June 9, 2009).
Now, the US University of Utah has joined a multimillion-dollar class action against CSL, becoming the first educational institution to claim damages from the alleged operation of a plasma cartel, reports the Australian newspaper the Sydney Herald.
In documents filed at the Illinois Northern District Court, the university has sought damages of almost $10 million against CSL, its key plasma business, CSL Behring, and the company's chief US rival, Baxter International.
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
7 day trial access
Become a subscriber
Or £77 per month
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
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze