Germany Fines Bayer $16M On Price-Fixing Charges

Law360, New York (May 28, 2008, 12:00 AM EDT) -- A unit of Bayer AG has agreed to pay a fine of €10.3 million ($16.2 million) to the German Cartel Office for allegedly making deals with thousands of pharmacies in Germany to fix prices of nonprescription drugs.

An investigation by the antitrust regulator found that Bayer Vital, the company's German distribution unit, offered special discounts to pharmacies on the condition that they charge the company's recommended higher price for over-the-counter drugs.

Since 2004, German pharmacies have been allowed to set their own prices for nonprescription medication....
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