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Image header Agence Europe
Europe Daily Bulletin No. 10981
ECONOMY - FINANCE - BUSINESS / (ae) competition

J&J and Novartis fined over fentanyl painkiller

Brussels, 10/12/2013 (Agence Europe) - On 10 December, the European Commission imposed fines of €10,798,000 on the US pharmaceutical company Johnson & Johnson (J&J) and €5,493,000 on Novartis of Switzerland. In July 2005, their respective Dutch subsidiaries concluded an anticompetitive agreement to delay the market entry of a cheaper generic version of the pain-killer fentanyl in the Netherlands, in breach of EU antitrust rules. Fentanyl is a pain-killer 100 times more potent than morphine. It is used notably for patients suffering from cancer. The deal was revealed in December 2006, when a third party was in the process of launching a generic fentanyl patch. The cartel delayed the launch of cheaper generic patches on the market by 17 months, thus artificially keeping up the price of fentanyl in the Netherlands. (FG/transl.fl)

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ECONOMY - FINANCE - BUSINESS
EUROPEAN PARLIAMENT PLENARY
SECTORAL POLICIES
EXTERNAL ACTION