Skip to main content
BBC NEWS / BUSINESS
Graphics VersionBBC Sport Home
News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

Wednesday, 16 January 2008, 17:00 GMT

Drug firms raided in patent probe

Person holding handful of tablets Some of the world's largest drug firms have been raided as part of a European Union inquiry into the use of patents.

GlaxoSmithKline, Pfizer, AstraZeneca and Sanofi-Aventis confirmed they were involved in the sector-wide investigation and co-operating fully.

EU Competition commissioner Neelie Kroes said the regulator suspected that drug firms had conspired to delay the introduction of cheap generic drugs.

However, the dawn raids were not based on specific information, the EU said.

Firms including Merck, Bayer Schering Pharma and Roche said they were unaware of their involvement in any raids.

US interest

The investigation aims to ensure that governments and consumers were getting new products and good value for money, Ms Kroes said.

"If innovative products are not being produced and cheaper generic alternatives to existing products are in some cases being delayed, then we need to find out why and, if necessary, take action."

Ms Kroes said that US competition regulators were also examining the issues.

She cited a 2005 ruling in which AstraZeneca was fined 60m euros (£45m; $88m) after the commission found the company had delayed market entry of rivals to an ulcer drug by misusing the patent.

EU figures suggest that Europe spends 200bn euros on medicines each year - the equivalent of 400 euros per person.




E-mail this to a friend
Related to this story:
Drug firms probed over Iraq cash (30 Dec 07 |  Business )
'Sharp rise' in Chinese patents (10 Aug 07 |  Asia-Pacific )

RELATED INTERNET LINKS
European Commission
The BBC is not responsible for the content of external internet sites



SEARCH BBC NEWS: 

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

NewsWatch | Notes | Contact us | About BBC News | Profiles | History

^ Back to top | BBC Sport Home | BBC Homepage | Contact us | Help | ©