EU Watchdog Probes Teva Over Copaxone Drug

EU antitrust regulators on Thursday, March 4, opened a formal investigation into whether Israeli drugmaker Teva illegally hindered rivals to its multiple sclerosis medicine Copaxone, reported Reuters.

The European Commission, which carried out unannounced inspections of Teva in 2019 and 2020, announced that the probe will look into whether Teva has abused its dominant market position in breach of EU antitrust rules, which could lead to hefty fines.

It stated that Teva may have artificially extended the market exclusivity of Copaxone by strategically filing and withdrawing patents after the 2015 expiry of a basic patent covering ingredient glatiramer acetate which is used in the drug. This repeatedly blocked the entry of its generic competitor who was obliged to file a new legal challenge each time.

Teva stated it was cooperating with the Commission. “We do not believe that Teva adopted anti-competitive behaviors in relation to Copaxone,” the company said in a statement.

The EU competition enforcer, which had in November last year announced a preliminary investigation into the company, stated the case was important because more than half a million Europeans needed treatment for multiple sclerosis.

“It is also important that companies compete to innovate so that new and affordable treatments can emerge,” European Competition Commissioner Margrethe Vestager said in a statement.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.