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European court upholds fine against drugmakers Lupin and Unichem

A total fine of 315 million Euros have been upheld on six companies.

Aneesh Phadnis  |  Mumbai 

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and are liable to pay 53.9 million Euros in fines after a court in Europe upheld a 2014 order holding the Indian drug makers and other accountable for restricting the entry of generic hypertension drug

A total fine of 315 million Euros have been upheld on six was fined 40 million Euros, and and its subsidiary Niche Generics were fined 13.9 million Euros by the in 2014. In a stock exchange notification on Wednesday, said the General Court has upheld decision to impose the fine. "Lupin will study the General Court's judgment and evaluate further course of action," the company said.

French drugmaker Servier, which held the patent for Perindropil, was asked to pay 228.32 million Euros but the amount was reduced by the General Court.

Server had entered into settlements with several including Lupin ,Unichem, Teva, Matrix (Mylan), and KRKA to restrain them from challenging the patent. The had in July 2014 adopted a decision in which it found that the agreements constituted restrictions of competition by object and effect. The General Court on Wednesday confirmed that the agreements entered into by Servier constituted restriction of competition.

First Published: Wed, December 12 2018. 22:43 IST
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