EU Opens Antitrust Case Against Laboratoires Servier, Others
08 July 2009 - 8:00PM
Dow Jones News
The European Commission Wednesday said it has opened an
antitrust case against Les Laboratoires Servier and several other
drug makers, suspecting they colluded to keep the generic form of a
blood pressure medication off the market.
The commission, the European Union's regulatory arm, said Teva
Pharmaceutical Industries Ltd. (TEVA), Krka d.d. (KRKG.LJ), Lupin
Ltd. (500257.BY), Matrix Laboratories Ltd. (524794.BY), a
subsidiary of Mylan Inc. (MYL), and Niche Generics Ltd., a unit of
Unichem Laboratories Ltd. (506690.BY) also are involved in its
antitrust probe.
The case, which could lead to fines against the companies,
follows a broader commission investigation into the pharmaceutical
sector. That study identified problems in the way companies that
develop drugs compete with generic producers.
Les Laboratoires Servier developed the blood pressure medication
perindopril, a so-called ACE inhibitor. The drug is sold under
several brand names, including Coversyl and Aceon.
The commission said it suspects Les Laboratoires Servier might
have violated antitrust laws, both through its own actions, and in
concert with the other drug companies. It didn't disclose details
of these possible offenses.
-By Adam Cohen, Dow Jones Newswires; +322 741 1486;
adam.cohen@dowjones.com