Share

UK raps Pfizer over inflated epilepsy drug prices

London - Britain's competition watchdog alleged on Thursday that US drug maker Pfizer and Flynn Pharma had breached competition law by ramping up the cost of an epilepsy drug used by more than 50 000 British patients.

The Competition and Markets Authority (CMA) said its provisional view was that Pfizer and Flynn Pharma each abused a dominant position by charging "excessive and unfair" prices for phenytoin sodium capsules.

Officials at Pfizer were not immediately available to comment.

Pfizer, which was in politicians' crosshairs last year after trying to buy British rival AstraZeneca, manufactures the drug and Flynn distributes it.

The US group used to market the medicine itself, under the brand name Epanutin, but sold the rights to Flynn in September 2012, since when the price at which the product is sold to Flynn has surged, the CMA said.

"Flynn then sold the drug on to customers at prices which were between 25 and 27 times higher than those historically charged by Pfizer," the CMA said in a statement.

As a result, the state-run National Health Service, which used to spend around £2.3m on phenytoin sodium capsules annually, saw its bill jump to more than 50 million in 2013 and more than 40 million in 2014.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.06
-0.4%
Rand - Pound
23.74
-0.5%
Rand - Euro
20.25
-0.5%
Rand - Aus dollar
12.19
+0.2%
Rand - Yen
0.12
-0.2%
Platinum
971.00
-0.5%
Palladium
1,023.00
0.0%
Gold
2,367.68
-0.7%
Silver
28.03
-2.9%
Brent Crude
90.10
-0.4%
Top 40
66,846
-2.2%
All Share
72,959
-2.1%
Resource 10
61,221
-4.2%
Industrial 25
98,384
-1.8%
Financial 15
15,683
-0.9%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders