Teva received a “package of commercial side-deals” for agreeing to halt generic competition to Cephalon’s Provigil (modafinil) throughout the EU, which it “would not have achieved without committing to staying out of the market,” according to findings by the European Commission.
Teva and its Cephalon affiliate have received fines totaling €60.5m ($72m) from the European Commission over an historic ‘pay-for-delay’ arrangement covering Cephalon’s Provigil (modafinil) that violated EU antitrust rules and caused “substantial harm to EU patients and healthcare systems by keeping prices high.”
The fine is the culmination of a near ten-year investigation by the European Commission, beginning in April 2011, weeks before...
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Japanese generics giant Sawai appears to be turning a corner, but the impact of National Health Insurance pricing revisions continues to hold the firm – and the rest of the country’s generics industry – back.
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