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Exclusive: EU to fine Lundbeck, others for blocking generic drugs

Started by riky, June 04, 2013, 09:00:17 AM

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riky

Exclusive: EU to fine Lundbeck, others for blocking generic drugs

<p><a href="http://news.yahoo.com/exclusive-eu-regulators-fine-lundbeck-merck-seven-other-104536893.html"><img src="http://l2.yimg.com/bt/api/res/1.2/YNBSfGa4m7cJyzfLfBuxEw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-03T152112Z_2_CBRE9520TWC00_RTROPTP_2_CBUSINESS-US-EU-LUNDBECK-DRUGMAKERS.JPG" width="130" height="86" alt="The logo of drugs and chemicals group Merck is pictured at one of its branches in central German city of Darmstadt" align="left" title="The logo of drugs and chemicals group Merck is pictured at one of its branches in central German city of Darmstadt" border="0" /></a>By Foo Yun Chee BRUSSELS (Reuters) - A European regulator will fine Denmark's Lundbeck and eight other makers of generic drugs for limiting the supply of cheaper medicines, two people with knowledge of the matter said, its first sanction against &quot;pay-for-delay&quot; deals. Following an inquiry launched in 2009, the European Union's anti-trust regulator will impose a &quot;significant&quot; fine on Lundbeck and lesser fines on Germany's Merck KGaA this month, the people said. Seven smaller drug firms will also be fined. The sanctions underscore the determination of EU and U.S. ...</p><br clear="all"/>

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