WebJul 21, 2024 · By Sinchita Mitra. July 21 (Reuters) - Pfizer and Flynn Pharma were fined a total of 70 million pounds ($84 million) on Thursday by Britain's antitrust watchdog for overcharging the National ... WebCMA imposed a fine of £84.2m on Pfizer and £5.2m on Flynn. The decision included directions requiring Pfizer and Flynn to reduce their prices. 6. Both Flynn and Pfizer appealed against the infringement decision to the CAT. The hearing of the appeal lasted 13 days. The CAT (chaired by Peter Freeman CBE QC
Pfizer, Flynn Pharma slapped with £70 million antitrust fine
WebPfizer has been fined £84.2m and its distributor Flynn Pharma £5.2m after they were found to have broken competition law with excessive price hikes to the NHS — of up to 2600% — when the drug was de-branded from ‘Epanutin’ to ‘Phenytoin Sodium Flynn Hard Capsules’ in 2012. The CMA has given both companies between 30 working days ... WebAug 20, 2024 · On 10 March 2024, the English Court of Appeal handed down judgment in CMA v Flynn Pharma and Pfizer. 1. The Court of Appeal broadly upheld the findings of the Competition Appeal Tribunal (‘CAT’) that the Competition and Markets Authority (CMA) (i) misapplied the relevant legal test for unfair pricing and (ii) failed to adequately consider … pensioner crossword
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WebThe yearslong saga of the Competition and Markets Authority's (CMA)’s investigation into Pfizer and Flynn Pharma has come to a head with a combined 70 million pound sterling … WebApr 30, 2024 · Following an appeal against the CMA's decision, the CAT upheld the CMA's finding that Pfizer and Flynn were dominant, but rejected the CMA's findings on abuse … WebJul 21, 2024 · July 21 (Reuters) - Pfizer (PFE.N) and Flynn Pharma were fined a total of 70 million pounds ($84 million) on Thursday by Britain's antitrust watchdog for overcharging the National Health Services ... pensioner council tax benefit