BioSpace Collaborative

Academic/Biomedical Research
News & Jobs
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  C2C Services & Suppliers™
Europe
Asia

DIVERSITY

PROFILES
Company Profiles

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Research Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
Get Our Industry eNewsletter FREE email:    
   

Pfizer Inc. (PFE) Wins Price Fixing Case in Indonesia


7/19/2012 7:57:41 AM

Nearly two years after Pfizer and Dexa Medica were fined for participating in a price-fixing scheme for anti-hypertensive tables, the Indonesian Supreme Court has upheld a lower court ruling that overturned the penalties. The case originated with the Business Competition Supervisory Agency, or KPPU, which had determined the price of Norvasc was 14.6 times more expensive than the average international price, while Dexa Medica’s Tensivak was 13.6 times higher. In reaching its September 2010, decision, the KPPU acted over concerns that consumers were being unfairly charged high prices and asked Pfizer to slash the price of Norvasc by 65 percent, while Dexa was asked to lower the price of Tensivak by 60 percent. The drugmakers were also $2.8 million and $2.2 million, respectively (here is the back story with the verdict).

Read at Pharmalot

Pharmalot
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES
 

//-->