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- W2892272130 abstract "Davies and Padilla examine the UK Competition and Markets Authority’s 2016 decision to penalise Pfizer and Flynn Pharma for excessive pricing of phenytoin, an off-patent anti-epilepsy drug. The authors describe the CMA’s assessment of the gap between prices and cost and note that this same evidence is used in assessment of each of market definition, dominance and abuse. The CMA properly considered other evidence too, but this could serve as a precedent for a fragile and unreliable approach to assessing excessive pricing. The CMA found the price excessive ‘in itself’, rather than placing weight on comparator prices: a more appropriate measure of value. The authority imposed a fine uplifted by 400% for ‘deterrence’, and the authors question how realistic such deterrence objectives are, for excessive pricing provisions." @default.
- W2892272130 created "2018-09-27" @default.
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- W2892272130 date "2018-01-01" @default.
- W2892272130 modified "2023-09-25" @default.
- W2892272130 title "Another Look at the Economics of the UK CMA’s Phenytoin Case" @default.
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- W2892272130 doi "https://doi.org/10.1007/978-3-319-92831-9_3" @default.
- W2892272130 hasPublicationYear "2018" @default.
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