Arab Today, arab today italy seeks €12bn in damages from roche novartis
Last Updated : GMT 08:44:49
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Italy seeks €1.2bn in damages from Roche, Novartis

Arab Today, arab today

Arab Today, arab today Italy seeks €1.2bn in damages from Roche, Novartis

Novartis rejected the anti-competition
Rome - AFP

Italy's health ministry is seeking 1.2 billion euros ($1.6 million) in compensation from Swiss pharma giants Novartis and Roche for the manipulation of sales of a cheap drug used to treat eye problems, Italian media reported Wednesday.
The ministry's move came after Italy's antitrust body fined the two firms 182.5 million euros over their "illicit deal to prevent the use of a very cheap drug, Avastin, in treating" sight problems.
The antitrust body said the two pharma giants had colluded with the aim of boosting the sales of a more expensive product, Lucentis. It also claimed that they steered health services and doctors away from Avastin by describing it as more dangerous.
Both Roche and Novartis market Lucentis as the best medicine for the eye disease known as macular degeneration.
Novartis has rejected the anti-competition accusations and has said it would appeal against the fine.

 

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