Novartis, Roche, and Genentech are found to have abused dominant market position to sell their Lucentis drug.
The French competition authority on Wednesday, September 9, slapped a record 444-million-euro fine on pharma groups Novartis, Roche, and Genentech over market abuses in sales of macular degeneration drugs.
Swiss firm Novartis marketed Lucentis outside the US. But doctors realized that Genentech's anti-cancer drug Avastin could have positive effects on the eye disease and began to prescribe it. An injection of Avastin costs around 30 to 40 euros, compared with a launch price of 1,161 euros for Lucentis – ramping up the cost for French social security, which picks up the full tab for the treatment needed by some 150,000 people in France.
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