{"id":121351,"date":"2020-11-26T17:45:31","date_gmt":"2020-11-26T14:45:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/eu-fines-teva-over-delaying-cheap-sleep-disorder-drug\/"},"modified":"2020-11-26T17:45:31","modified_gmt":"2020-11-26T14:45:31","slug":"eu-fines-teva-over-delaying-cheap-sleep-disorder-drug","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/eu-fines-teva-over-delaying-cheap-sleep-disorder-drug\/","title":{"rendered":"#EU fines Teva over delaying cheap sleep disorder drug"},"content":{"rendered":"

“#EU fines Teva over delaying cheap sleep disorder drug<\/strong>”<\/p>\n

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European Union regulators fined Israeli drug-maker Teva on Thursday for colluding to delay a cheaper generic version of modafinil, a blockbuster sleep disorder drug.\n <\/p>\n

The European Commission said Teva was in breach of EU antitrust rules after it effectively agreed with drug-maker Cephalon, a company it now owns, to keep the cheaper drug off of the market.<\/p>\n

Teva and Cephalon were fined a combined 60.5 million euros ($72 million), but the company can app<\/a>eal this through the European courts.<\/p>\n

The EU launched the case in 2011 and pressed charges in July 2017.<\/p>\n

Under the alleged agreement, Teva committed not to market a cheaper generic version of modafinil, Cephalon’s drug for sleep disorders, the EU said.<\/p>\n

EU Competition Commissioner Margrethe Vestager said Teva’s “pay-for-delay” agreement “harmed patients and national health systems, depriving them of more affordable medicines.”<\/p>\n

In a similar case, in 2014 the commission hit French drugs giant Servier with a 331-million-euro fine for colluding to delay a cheaper generic version of perindopril, a popular blood pressure treatment. <\/p>\n

Teva was also fined in that case.<\/p>\n

Generic products are far cheaper than brand medicines and lead to huge savings to patients and health care providers while remaining just as effective.<\/p>\n

But in so-called pay-for-delay deals, drug makers secretly compensate generic rivals to thwart the introduction of cheaper versions of blockbuster drugs for an agreed time.<\/p>\n

Drug makers argue that the arrangement allows them sufficient time to recoup expensive research and marketing costs incurred to bring their products to the market.<\/p>\n

Teva settled similar litigation with US anti-trust authorities in 2015.\n <\/p>\n\n

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EU to slap big fine on French drugmaker Servier: sources\n <\/p><\/div>\n

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\n \u00a9 2020 AFP<\/p>\n

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Citation<\/strong>:
\n EU fines Teva over delaying cheap sleep disorder drug (2020, November 26)
\n retrieved 27 November 2020
\n from https:\/\/medicalxpress.com\/news<\/a>\/2020-11-eu-fines-teva-cheap-disorder.html<\/p>\n

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