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Press conference by Joaquín Almunia, Vice-President of the EC, on the fine imposed by the EC to Servier and five generic companies for curbing entry of cheaper versions of cardiovascular medicine

Joaquín Almunia, Vice-President of the EC in charge of Competition, gave a press conference on the fine imposed by the EC to Servier and five generic companies for curbing entry of cheaper versions of cardiovascular medicine. The Commission imposed fines totalling €427.7 million on the French pharmaceutical company Servier and five producers of generic medicines – namely, Niche/Unichem, Matrix (part of Mylan), Teva, Krka and Lupin – for concluding a series of deals of deals all aimed at protecting Servier's bestselling blood pressure medicine, perindopril, from price competition by generics in the EU.
Through a technology acquisition and a series of patent settlements with generic rivals, Servier implemented a strategy to exclude competitors and delay the entry of cheaper generic medicine to the detriment of public budgets and patients in breach of EU antitrust rules.
Press conference by Joaquín Almunia, Vice-President of the EC, on the fine imposed by the EC to Servier and five generic companies for curbing entry of cheaper versions of cardiovascular medicine
Joaquín Almunia
Reference: P-025931
Date: 09/07/2014
Press conference by Joaquín Almunia, Vice-President of the EC, on the fine imposed by the EC to Servier and five generic companies for curbing entry of cheaper versions of cardiovascular medicine
Joaquín Almunia
Reference: P-025931
Date: 09/07/2014

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Press conference by Joaquín Almunia, Vice-President of the EC, on the fine imposed by the EC to Servier and five generic companies for curbing entry of cheaper versions of cardiovascular medicine
Press conference by Joaquín Almunia, Vice-President of the EC, on the fine ...
Ref: 025931
Date: 09/07/2014



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00:35  Recorded cutaways
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41:25 Press conference by Joaquín Almunia, on the fine imposed by the EC to Servier and five generic companies for curbing entry of cheaper versions of cardiovascular medicine
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02:25 Extracts from the press conference by Joaquín Almunia, on the fine imposed by the EC to Servier and five generic companies for curbing entry of cheaper versions of cardiovascular medicine
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