J&J, Novartis Fined $22.4M Over Pay-For-Delay Deal
Law360, New York (December 10, 2013, 1:06 PM EST) -- Drugmakers Johnson & Johnson and Novartis AG on Tuesday were hit with a total of €16.3 million ($22.4 million) in fines by European regulators for entering into an anti-competitive agreement to delay the introduction of a generic painkiller in the Netherlands.
The European Commission said in 2005 that the respective Dutch subsidiaries of Novartis and J&J entered into a deal to prevent the entry of a generic version of J&J's fentanyl, after the protection on its brand-name fentanyl depot patch expired in the Netherlands, just as Novartis unit Sandoz BV was poised to launch its own fentanyl patch.
"J&J paid Novartis...
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