EU Commission fines pharma companies for price fixing

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EU Commission fines pharma companies for price fixing

BRUSSELS, Oct 19 (Reuters) – The European Commission on Thursday said it had fined five pharmaceutical companies for a total of 13.4 million euros ($14.1 million) in a settlement of an antitrust investigation.

The commission fined Alkaloids of Australia, Alkaloids Corporation, Boehringer, Linnea and Transo-Pharm for participating in a cartel aimed at fixing the minimum price of an ingredient to produce the abdominal antispasmodic drug Buscopan and its generic versions.

($1 = 0.9489 euros)

Reporting by Bart Meijer, Editing by Charlotte Van Campenhout

Source: Reuters