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Home In Brief

EU launches antitrust probe against Teva 

by  Reuters and ILH Staff
Published on  11-22-2020 10:30
Last modified: 11-22-2020 10:30
EU launches antitrust probe against Teva 

Teva's multiple sclerosis medicine Copaxone (File photo)

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Israeli drugmaker Teva is the target of an EU antitrust investigation over the possible abuse of its dominant position related to its multiple sclerosis medicine Copaxone, the European Commission said on Friday.

The EU competition enforcer raided Teva in October last year and in January this year as part of its investigation, the EU executive said in a statement.

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Teva can face fines up to 10% of its global turnover if found guilty of breaching EU antitrust rules.

The US government sued Teva in August, accusing the drugmaker of causing the submission of false claims to Medicare by using kickbacks to boost sales of Copaxone, one of its lucrative drugs.

This is the company's third run-in with EU antitrust regulators which have also charged the company with anti-competitive practices over its deal with rival Cephalon to delay selling a generic version of its sleep disorder drug modafinil.

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