WebJul 22, 2024 · CMA fined Pfizer £63m and Flynn Pharma £6.7m based on an in-depth investigation. The investigation found that Pfizer and Flynn Pharma have charged NHS unfairly high prices for phenytoin sodium capsules for more than four years. Pfizer and Flynn de-branded the drug, previously called Epanutin, with an intention to exempt them … WebMay 13, 2024 · The Case. In March 2024, the Court of Appeal handed down its judgment in Competition and Markets Authority v Flynn Pharma Ltd & Ors [2024] EWCA Civ 339.. In this judgment the Court of Appeal determined appeals by both the Competition and Markets Authority (the "CMA") and the Flynn Pharma ("Flynn") and Pfizer pharmaceutical …
Flynn Pharma v CMA Final - Judiciary
WebThe yearslong saga of the Competition and Markets Authority's (CMA)’s investigation into Pfizer and Flynn Pharma has come to a head with a combined 70 million pound sterling ($83.61 million)... WebDec 18, 2015 · The CMA imposed a financial penalty of £84.2 million on Pfizer and £5.2 million on Flynn and directed both companies to reduce their prices. Press release: CMA … diary of a wimpy kid dvd release date
Flynn Pharma v CMA Final - Judiciary
Flynn and Pfizer appealed the CMA’s decision to the Competition Appeal Tribunal which decided that although Flynn and Pfizer held dominant positions in the market, the CMA had made errors in deciding that they had abused their positions. The Competition Appeal Tribunal separately considered costs arising … See more WebMar 13, 2024 · The CMA had concluded that the prices charged by Pfizer and Flynn Pharma were excessive by reference to a “Cost Plus” approach, which allowed for a return on sales of 6% (based on the target ... WebJun 8, 2024 · 8th June 2024. by. Selina McKee. The Competition Appeal Tribunal in the UK has overturned a £90 million fine against Pfizer and Flynn Pharma issued by the Competition and Markets Authority for charging unfair prices for phenytoin sodium capsules. Originally Pfizer manufactured and sold the capsules to UK wholesalers and pharmacies … cities rated for healtcare