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Turkish competition watchdog launches probe into 19 pharma companies

by Daily Sabah with Agencies

ISTANBUL Dec 01, 2023 - 12:28 pm GMT+3
The logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany, Aug. 9, 2019. (Reuters Photo)
The logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany, Aug. 9, 2019. (Reuters Photo)
by Daily Sabah with Agencies Dec 01, 2023 12:28 pm

Türkiye’s competition watchdog Thursday announced it had launched an investigation into 19 pharmaceutical companies to determine whether they had violated competition law.

In a statement, the Competition Authority (RK) said it had decided on Nov. 9 to launch the probe into companies including AstraZeneca, Bayer, GlaxoSmithKline, Johnson & Johnson, Bausch & Lomb, Sanofi and Pfizer. It provided no further details.

Asked about the matter, AstraZeneca said it does not comment on ongoing investigations as a matter of policy, Reuters reported.

GlaxoSmithKline, Sanofi and Germany's Merck KGaA all said they were fully cooperating with competition authorities in Türkiye, but did not elaborate further.

In a statement, BASF said it was assessing the matter and was committed to high standards of legal compliance and business ethics.

AbbVie, Abdi Ibrahim, Bausch & Lomb, Bayer, Ilko, Johnson & Johnson, Liba, Menarini, Michael Page International, Panasonic, Pfizer, SIFI and World Medicine could not immediately be reached for comment.

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  • Last Update: Dec 01, 2023 2:32 pm
    KEYWORDS
    competition law competition authority türkiye pharmaceutical industry pharmaceuticals
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