EU Commission fines pharma firms for price fixing

EU Commission fines pharma firms for price fixing

In the first time the regulator has acted against an active pharmaceutical ingredient cartel, the European Commission has fined five companies for price-fixing for the antispasmodic butylscopolamine. Alkaloids of Australia, Alkaloids Corporation, Boehringer Ingelheim, Linnea, and Transo-Pharm will have to pay a total of $14.2 million. A sixth firm, C2 Pharma, was not fined because it revealed the price-fixing to the commission. All six admitted their involvement and agreed to settle the case. A seventh firm, Alchem, did not settle; the investigation in that case is ongoing.


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