Tuesday, 3 August 2021

Pharma firm Advanz fined after thyroid drug price hike of 6,000%

Pharma firm Advanz fined after thyroid drug price hike of 6,000% The UK’s competition watchdog has imposed fines of more than £100m on the pharmaceutical company Advanz and its former private equity owners after it was found to have inflated the price of its thyroid tablets by up to 6,000%.

An investigation by the Competition and Markets Authority (CMA) found that the private-equity backed pharmaceutical company charged “excessive and unfair prices” for liothyronine tablets, which are used to treat thyroid hormone deficiency. The Guardian
 
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