EU Targets Sanofi, Other Drug Cos. In Antitrust Raids

Law360, New York (October 6, 2009, 2:41 PM EDT) -- European Commission officials raided several major drug manufacturers on Tuesday, reportedly including Sanofi-Aventis SA, as part of an investigation into anti-competitive practices.

On suspicions that players in the pharmaceutical industry have been abusing their dominant market positions and engaging in restrictive business practices, the EC and national antitrust regulators conducted a series of unannounced inspections at an undisclosed number of companies, the commission said.

The EC did not release the identities of the companies, but Sanofi-Aventis, headquartered in Paris, told Reuters that it had been a...
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