UK's CMA imposes record fines for '2,600%' drug price hike to NHS

7 December 2016

The UK’s Competition and Markets Authority (CMA) today announced that it has fined US pharma giant Pfizer (NYSE: PFE) and UK drugmaker Flynn Pharma nearly £90 million ($114.4 million) for charging excessive prices to the National Health Service (NHS) for an anti-epilepsy drug.

The CMA has imposed a record £84.2 million fine on Pfizer, and a £5.2 million fine on the distributor Flynn Pharma after finding that each broke competition law by charging excessive and unfair prices in the UK for phenytoin sodium capsules, an anti-epilepsy drug. The CMA has also ordered the companies to reduce their prices.

Companies will appeal

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