Aspen has said it will reduce its prices for six cancer drugs in Europe by an average of 73%, as part of a commitment package seeking to end the EU antitrust watchdog’s first excessive-pricing investigation in the pharmaceutical sector.
India’s competition watchdog has decided not to fine 10 companies that rigged bids to supply equipment to the country’s railways because of the covid-19 pandemic.
The European Commission has fined three chemical companies €260 million for colluding to push down ethylene prices, while a fourth company has escaped a €190 million penalty for blowing the whistle on the cartel.
Google has promised the European Commission that it will not use Fitbit’s user data to strengthen its advertising business, as it tries to convince the authority to clear its $2.1 billion acquisition of the fitness-tracking company.
Competition authorities should be willing to impose structural remedies on completed anticompetitive digital mergers, the chief economic adviser at the UK’s antitrust watchdog has said.
The UK’s Competition and Markets Authority has dropped three high-profile investigations into the suspected charging of excessive prices for hand sanitiser during the coronavirus pandemic, less than a month after launching the probes.
The Supreme Court has agreed to hear two cases on whether the Federal Trade Commission can seek monetary relief for violations of the FTC Act.
Those hoping to spend their Monday listening to the Federal Trade Commission’s quest to block a joint venture between Peabody Energy and Arch Coal found themselves heartbroken. A 10-day preliminary injunction hearing was scheduled to start yesterday, but the federal courthouse in St Louis, Missouri, was closed after a security officer tested positive for covid-19. The litigating parties are set to resume in-person today while GCR USA tunes in live from its home office.
The European Court of Justice in January provided some long-awaited clarity on how competition enforcers and national courts assess the anticompetitive nature of pay-for-delay agreements. Emily Craig examines how the court’s preliminary ruling in the Paroxetine case will affect other eagerly anticipated rulings and the future of pay-for-delay agreements.
The director-general and the chief economist of the EU’s antitrust enforcer are set to speak at GCR’s 12th annual Big Brussels conference in September, alongside officials from agencies in the US and UK.
David Higbee, John Cove, Jessica Delbaum, Djordje Petkoski, Ryan Shores, Todd Stenerson and Mark Weiss
Tito Andrade, Maria Eugênia Novis de Oliveira and Marcos Paulo Verissimo
Fernando Carreño and Paloma Alcantra
Jesús Eloy Espinoza Lozada
Jacques Derenne and Dimitris Vallindas
Adina Claici and Elisa Pau
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