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UK raps Pfizer over epilepsy drug prices
Published in The Saudi Gazette on 07 - 08 - 2015

LONDON — Britain's competition watchdog alleged on Thursday that US drugmaker 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. — Reuters


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