An Australian court dismissed an appeal by the nation’s anti-trust watchdog in a case against Pfizer in which the regulator alleged the company had used its market power to limit competition for its cholesterol-lowering drug Lipitor, reported Reuters.
The Australian Competition and Consumer Commission (ACCC) announced on Friday, May 25, it was considering the judgment and remained committed to pursuing cases involving “misuse of market power”.
“The ACCC brought this appeal because it was concerned that Pfizer’s use of its market position as supplier of the top selling branded atorvastatin immediately before generic products were able to enter the market harmed the competitive process and therefore consumers,” Chairman Rod Sims said in a statement.
Full Content: Business Insider
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