EU to fine Ranbaxy for blocking generic drugs

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EU to fine Ranbaxy for blocking generic drugs

by Ani 1:09 mins

EU to fine Ranbaxy for blocking generic drugs

by Ani 1:09 mins

Clamping down on "pay-for-delay" deals in the pharmaceutical sector, a European regulator will fine Denmark's Lundbeck, India's Ranbaxy and seven other makers of generic drugs this month for limiting the supply of cheaper medicines to the market. Following an inquiry launched in 2009, the European Union's anti-trust regulator, will impose a "significant" fine on Lundbeck and lesser fines on Germany's Merck KGaA and seven smaller drug firms when it announces the sanctions later this month.

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