Chile Fines 2 Pharmacy Chains $38M For Price Fixing

Law360, New York (January 31, 2012, 7:24 PM EST) -- Chile's competition court ordered two of the country's largest pharmacy chains Tuesday to pay roughly $19 million each in fines for agreeing to raise their prices for more than 200 drugs.

The court, known by its Spanish acronym TDLC, unanimously approved the request from the country's National Economic Prosecutor to fine Farmacias Cruz Verde SA and Farmacias Salcobrand 20,000 annual tax units, worth about $19 million, apiece for conspiring along with Farmacias Ahumada SA to hike rates on at least 206 drugs from December 2007 through...
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