EU Raids Pharmaceutical Firms – Again
Once again the EU has performed some dawn “raids” on the offices of pharmaceutical firms. Bloomberg reports:
Teva Pharmaceutical Industries Ltd., the world’s biggest generic-drug maker, Denmark’s H. Lundbeck A/S and other pharmaceutical companies were raided Wednesday by the European Union as part of an antitrust investigation.…
The inspections mark the fourth time drugmakers’ offices have been visited since the EU started a probe of the pharmaceutical industry in January 2008. The EU has focused on whether manufacturers misuse patents and lawsuit settlements to keep less-expensive generic medicines off the market.
Commission officials conducted a surprise inspection at Teva’s office in London on Wednesday, according to Yossi Koren, a spokesman for the company. The raid followed an EU inspection of Teva’s Paris office in October.
Lundbeck, the Nordic region’s second-largest drugmaker, said in a statement its Milan office had been inspected. It said it expects the raid was a follow-up on a 2005 visit and that it didn’t address any new issues.
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