Pfizer fined record £84.2m for overcharging NHS

December 7, 2016 7:20 am Published by

Pfizer fined record £84.2m for overcharging NHS

  • 7 December 2016
  • From the section Business

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Drugs giant Pfizer has been fined a record £84.2m by the UK’s competition watchdog for overcharging the NHS for an anti-epilepsy drug.

The Competition and Markets Authority (CMA) also fined distributor Flynn Pharma £5.2m for the 2,600% price increase for the drug in 2012.

NHS spending on the capsules rose from £2m a year in 2012 to about £50m in 2013.

UK prices for the drug were many times higher than in Europe, the CMA said.

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This post was written by FSB News