Drugmakers Fined $6M Over Viagra, Cialis, Levitra

Law360, New York (December 1, 2009, 2:29 PM EST) -- The Swiss Competition Commission has fined Pfizer Inc., Eli Lilly & Co., and Bayer AG a total of 5.7 million francs ($5.71 million) for allegedly fixing the prices of erectile dysfunction medications.

The competition regulator said Tuesday that the resale prices of Pfizer's Viagra, Lilly's Cialis and Bayer's Levitra were fixed.

The prices were incorporated into industry-specific systems that were sent directly from wholesalers to pharmacies and the dispensing doctors, and the pharmacies and doctors charged the majority of their patients the set rate, the commission...
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