EU opens antitrust probe into Novartis, J&J
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The European Union is investigating whether drug companies Novartis and Johnson & Johnson colluded to keep a generic painkiller out of the Dutch market, the bloc's antitrust watchdog said Friday.
The European Commission is assessing whether contractual
arrangements between the two companies "may have had the object or
effect of hindering the entry on to the market of generic versions of
Fentanyl."
Fentanyl is a strong painkiller for chronic pain.
Novartis spokesman Eric Althoff confirmed the probe, but added
"we don't comment on ongoing procedures." The Basel-based company
reports its third-quarter results Tuesday.
The Commission said the investigation was triggered by its own
inquiry into the ability of generics -- cheaper versions of medications
that are no longer protected by patents -- to enter the market.
source businessweek.com
May 19, 2012 - 02:04
