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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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On 9 July 2014, 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.

Type: Complete press conference   Reference: I-091136   Date: 09/07/2014   Duration: 00:01
Personalities:   Almunia, Joaquín  
Location: Brussels - EC/Berlaymont  
Languages: ORIGINAL

Tags: Competition | Competitiveness | Fine | Generic medicine | Pharmaceutical industry
RAPID: SPEECH,
© European Union, 2014   /   Source: EC - Audiovisual Service
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