The Australian high court has dismissed the Australian Competition and Consumer Commission’s (ACCC) application for special leave to appeal the Pfizer Australia ruling by the full federal court decision that the drug maker used its market dominance to reduce competition for its cholesterol-lowering drug Lipitor.
According to the charges, Pfizer was accused to have abused its market dominance by providing huge discounts and rebates to pharmacies for Lipitor.
Pharmacies allegedly purchased large quantities of Lipitor and agreed to reduce re-supply of competing products.
The federal court found that the company took advantage of its market dominance as the patent holder of atorvastatin; however, it refused to accept the Commission’s argument that the company had acted in a way to reduce or stop competition.
Full Content: Reuters
