REUTERS: Britain\u0027s competition watchdog is sticking with its view that Pfizer and Flynn Pharma broke the law by charging Britain\u0027s public health service \u0022unfairly high\u0022 prices for an epilepsy drug, after being asked to reassess a record fine. The drugmakers made use of a loophole so that the capsules, bran
REUTERS: Britain's competition watchdog is sticking with its view that Pfizer and Flynn Pharma broke the law by charging Britain's public health service"unfairly high" prices for an epilepsy drug, after being asked to reassess a record fine.
In 2016, the CMA fined Pfizer and Flynn a record 90 million pounds for the price hike. However, the companies in 2018 won an appeal against the penalty, and the Competition Appeal Tribunal referred the matter back to the CMA. "As Pfizer and Flynn were the dominant suppliers of the drug in the UK, the NHS had no choice but to pay unfairly high prices for this vital medicine," the CMA said in a statement after it gathered more evidence and reviewed its previous case.
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