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Indian Pharmas Cleared Of Price-Fixing By U.K. Court

This article was originally published in PharmAsia News

Executive Summary

A U.K. court denied price-collusion allegations against five pharmaceuticals, including at least two with Indian ties. Goldshield, founded by India's Ajit Patel, and Ranbaxy U.K. were among firms that had been under investigation on price-fixing allegations for more than six years by the Serious Fraud Office. A U.K. court cleared the companies of a conspiracy allegation brought by the National Health Service concerning the prices of antibiotics and other common drugs. The court decided the allegations involved actions that allegedly occurred before the U.K. adopted a law making price-fixing an offense. (Click here for more

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