Apparently it's an antitrust kind of day: The European Commission announced it's investigating Sanofi-Aventis for obstructing its big probe of anticompetitive tactics in the drug industry. Europe's antitrust watchdog was raiding Sanofi's HQ in France when company officials refused to release documents without a search warrant from the French government. European law, however, requires companies to comply with E.C. inspectors.
You'll recall that in January, the E.C.'s antitrust cops raided a number of drugmakers in January, looking for evidence that their behavior in patenting new drugs and suing generics makers may have dampened competition.
- see the E.C.'s release [1]
- get the Dow Jones story [2] for more
Related Articles:
EU commissioner widens pharma probe [3]
EC launches pharma antitrust probe [4]
Links:
[1] http://www.fiercebiotech.com/press-releases/antitrust-commission-opens-formal-proceedings-against-sanofi-aventis-possible-procedu
[2] http://www.easybourse.com/bourse-actualite/sanofi-aventis/updateeu-probes-sanofi-aventis-block-of-antitrust-inspection-FR0000120578-463876
[3] http://www.fiercepharma.com/story/eu-commissioner-widens-pharma-probe/2008-05-15
[4] http://www.fiercepharma.com/story/ec-launches-pharma-antitrust-probe/2008-01-16