| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/13/1233 (10.12.13) |
| Publication Date | 10/12/2013 |
| Content Type | News |
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The European Commission on 10 December 2013 imposed fines of € 10,798,000 on the US pharmaceutical company Johnson & Johnson (J&J) and € 5,493,000 on Novartis of Switzerland. In July 2005, their respective Dutch subsidiaries concluded an anticompetitive agreement to delay the market entry of a cheaper generic version of the pain-killer fentanyl in the Netherlands, in breach of EU antitrust rules. Fentanyl is a pain-killer 100 times more potent than morphine. It is used notably for patients suffering from cancer. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-13-1233_en.htm |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |