Saturday, May 30, 2015Saturday, May 30, 2015

European Union hits French drugmaker Servier with huge fine over generics

Published on Jul 9, 2014 6:14 PM

BRUSSELS (AFP) - The EU on Wednesday hit French drugs giant Servier with a huge 331 million euro (S$559.7 million) fine for colluding to delay a cheaper generic version of Perindopril, a popular blood pressure treatment.

In a statement, the European Commission said the decision involves total fines of 427.7 million euros, with Israeli generic giant Teva and four other companies also subject to penalties in the case.