Antitrust Watchdog Accuses Drug Suppliers Of Market Fixing
Law360, London (June 18, 2019, 6:23 PM BST) -- Four pharmaceutical companies broke U.K. competition law when they agreed to fix the quantities and prices of the supply of an antidepressant drug, which caused the National Health Service's spending on the tablets to peak to £38 million ($47.7 million), Britain's antitrust regulator said Tuesday.
The Competition and Markets Authority said it has found that competitors King Pharmaceuticals Ltd. and the Auden Mckenzie group shared between them the supply of nortriptyline that they sold on to a large pharmaceutical wholesaler. The watchdog said the two companies agreed in 2014 that Auden Mckenzie would supply 10mg tablets of the antidepressant to the...
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