Competition in life sciences

Competition enforcement in life sciences

Competition law applies to the life sciences sector and a distinct type of regulatory action that may be taken by competition authorities against companies operating in the sector, especially pharmaceutical companies, for competition law infringement.

Practice Note: Competition law in the pharmaceutical sector covers the application of EU and UK competition law to common practices that take place within the pharmaceutical sector. After explaining the definition of market as it applies to the sector, it considers reverse payment patent settlements, pricing strategy, parallel trade, misleading conduct, misuse of regulatory procedures, research and development (R&D) collaboration agreements as well as mergers and acquisitions (M&A).

Article 102 of the Treaty on the Functioning of the European Union (TFEU) prohibits undertakings that (individually or collectively) hold a dominant position within the EU or a substantial part of it from abusing their dominance (without objective justification) insofar as it may affect trade between Member States. The provision is mirrored in the national competition legislation; in the UK, for example, in section 18 of the Competition Act 1998 (CA 1998). For more information on the

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Powered by Lexis+®
Latest Life Sciences News
View Life Sciences by content type :

Popular documents