CMA Issues £70m Fines To Pfizer And Flynn Over Phenytoin
UK Regulator Finds Firms Abused Dominant Position To Overcharge NHS
Executive Summary
After reassessing part of a UK case involving Pfizer and Flynn Pharma over pricing for phenytoin sodium capsules, the country’s competition regulator has reaffirmed that the companies abused their dominant positions to overcharge the NHS and has issued £70m in fines.
You may also be interested in...
UK Court Declines To Back Phenytoin Fines
A UK appeals court has provided detailed guidance on how the country’s Competition and Markets Authority should evaluate unfair pricing, as part of a ruling that upholds a previous decision to overturn CMA fines of almost £90m ($112m) imposed on Pfizer and marketing partner Flynn Pharma over pricing for phenytoin sodium capsules.
UK overturns £90m phenytoin price fines
Fines totalling almost £90 million (US$120 million) imposed on Pfizer and its marketing partner Flynn Pharma over allegedly unfair UK pricing for phenytoin sodium capsules have been overturned by the country’s Competition Appeal Tribunal. Having invited written submissions, the Tribunal intends to remit the dispute for reconsideration by the UK’s Competition and Markets Authority (CMA).
End Of Schultz Era Looms For Teva
Teva is expecting to have a new CEO by the end of next year, after current leader Kåre Schultz indicated that he was unlikely to renew his contract. The president and chief executive has overseen an eventful and transformative period for the Israeli firm.