Connect to share and comment
The European Commission has fined Denmark’s Lundbeck and other drug companies for colluding to keep a generic medication off the market.
The European Commission has fined a group of drug manufacturers, including Denmark’s Lundbeck, Germany’s Merck, Ranbaxy Laboratories, Arrow Group and Zoetis Products, for colluding to keep a generic drug off the market.
Officials for the commission, the European Union’s anti-trust regulator, claim that the companies agreed not to introduce generic versions of Lundbeck’s antidepressant citalopram when its basic patent expired in return for tens of millions of euros of “substantial payments and other inducements from Lundbeck.”
“It is unacceptable that a company pays off its competitors to stay out of its market and delay the entry of cheaper medicines,” Joaquin Almunia, the European competition commissioner, said in a statement on Wednesday, according to The New York Times.
“Agreements of this type directly harm patients and national health systems, which are already under tight budgetary constraints.”
The fines total 146 million euros ($195 million), with Lundbeck receiving the biggest penalty of 93.8 million euros.
“It is wrong and extremely misleading” of the commission “to claim that these agreements have delayed the marketing of citalopram copies and thereby violated competition laws,” Lundbeck’s CEO Ulf Wiinberg said in response to the fine, according to Bloomberg News.
The company said it would appeal.
There’s no doubt US-based drugmakers are watching the case closely. This week, the US Supreme Court ruled that pharmaceutical companies can be sued for paying competitors to delay generics on this side of the Atlantic, too.
More from GlobalPost: India: Supreme Court denies patent for Novartis drug Gleevec
my neighbor's step-aunt makes $81/hour on the laptop. She has been without work for ten months but last month her check was $12305 just working on the laptop for a few hours. Here's the site to read more ............ Rich6. ℂom
Brody. I can see what your saying... Angela`s report is really cool, on wednesday I bought a brand new Chrysler since I been earnin $8731 this last 4 weeks and just a little over 10k this past-month. it's realy the most comfortable job I have ever done. I began this six months/ago and straight away startad bringin home over $85 per/hr. I work through this website,, duℬ40 . ℭℴℳ