Phoenix Says It Wins Order Vs Novartis To Resume Drug Supply
07 December 2011 - 5:04AM
Dow Jones News
German pharmaceuticals wholesaler Phoenix Pharmahandel AG &
Co. said Tuesday it has won an interim court order forcing Swiss
drugs company Novartis AG (NVS) to resume the supply of drugs in
Germany.
The regional court in Mannheim granted the interim ruling last
Friday, Phoenix, a closely held company, said.
"This temporary order obliged Novartis to resume supply to
Phoenix to meet demand," a Phoenix spokeswoman told Dow Jones
Newswires.
Novartis was not immediately available for comment.
The development is the latest round in a dispute between the two
companies over discount pricing.
Phoenix and Sanacorp Pharmaholding AG (SNC3.FF), two of
Germany's largest pharmaceutical wholesale firms providing drugs to
more than 10,000 pharmacies, said Novartis stopped deliveries in
November following disagreements over delivery conditions.
Other wholesale firms such as Gehe, which controls around 15% of
Germany's EUR35 billion pharmacy market, have complained that they
haven't received drug deliveries for several weeks.
According to a person familiar with the situation, Novartis
wants to cut the cash discount from 1.5% to below 1%.
The wholesale firms said they went public about the halted
deliveries because they are required under German law to be ready
to provide drugs to pharmacies at all times and need to alert
officials in case of potential shortages.
-By John Revill, Dow Jones Newswires; +41 43 443 8042 ;
john.revill@dowjones.com
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