Just days after sources said the European Commission was preparing to issues fines against generic drug makers for anticompetitive practices, reports say authorities in the US are also revamping their efforts against unfair tactics in the pharmaceutical industry.
According to reports, the Federal Trade Commission launched new investigations into pay-for-delay agreements made between drug manufacturers, in the wake of a Supreme Court decision last year that armed antitrust law with the legal ability to fight such pacts.
Pay-for-delay deals allow a brand name drug maker to pay its cheaper, generic rival to keep its competition off the shelf.
With the Supreme Court ruling, the FTC has launched probes into agreements made between generic and brand name companies; according to filings, the regulator is eyeing Forest Laboratories and Endo International.
Reports say the investigations could lead to fines and lawsuits.
Full content: Businessweek
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – China Edition – Year of the Dragon
Apr 16, 2024 by
CPI
Review Logic and Rules for Concentrations of Undertakings that Do Not Meet the Standard of Notification
Apr 16, 2024 by
CPI
China’s Review of Semiconductor Transactions
Apr 16, 2024 by
CPI
Key Challenges and Tips for Merger Control Filing in China for Listed Companies
Apr 16, 2024 by
CPI
Key Point Review: China SPC Antitrust Judgments in 2023
Apr 16, 2024 by
CPI