UK fines drugmakers record £260m for price gouging NHS

The UK’s competition authority has issued its largest ever fine of more than £260 million ($360 million) to several pharma companies accused of colluding to hike the price of medicines delivered to the NHS.

The Competition and Markets Authority (CMA) took the action against Auden Mckenzie and Actavis UK – now known as Accord-UK – and other companies after an investigation into the price of hydrocortisone tablets, which rose by 10,000% over a 10-year period.

CMA chief executive Andrea Coscelli said that the actions were “some of the most serious abuses we have uncovered in recent years,” and are thought to have cost the NHS – and taxpayers – hundreds of millions of pounds.

Source: https://pharmaphorum.com/news/uk-fines-drugmakers-record-260m-for-price-gouging-nhs/?