More pharma cos and chemists on probe list of CCI -Governance Now

More pharma cos and chemists on probe list of CCI

While some pharmaceutical companies have already been penalised for anti-competitive practices, a few more have come under the CCI scanner

GN Bureau | October 3, 2013

Having come across certain cases of alleged unfair practices, the Competition Commission of India (CCI) is in the process of probing pharmaceutical companies.

According to a report in Mint, the competition regulator’s chairman Ashok Chawla has said that a few cases of probe into alleged anti-competitive practices of pharma companies is in the “pipeline”. “There are a number of cases which have been dealt with. There are some (more) cases in the pipeline,” Chawla said.

The competition watchdog has also slapped penalties on some entities, including chemists and druggists associations, for engaging in restrictive trade practices and hindering the entry of new players in the market.

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