Thursday, June 24, 2010

Mexico fines pharmaceutical firms for price fixing

Mexico fines pharmaceutical firms for price fixing

Eli Lilly y Compania-Mexico, Laboratorios Cryopharma, Probiomed and Laboratorios Pisa conspired between 2003 and 2006 to ensure a lack of competitive bidding for contracts to sell insulin, an essential medicine in the treatment of diabetes.

For their part, Pisa, Fresenius Kabi Mexico and Baxter engaged in anti-competitive collusion in their bidding for contracts to sell injectable saline solutions from 2003 to 2006.

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