Bristol Myers to pay $2.7 million to settle Israel anti-competition charges
) Squibb has agreed to pay 10 million shekels in Israel to settle a potential case over its blocking of a generic version for anti-cancer drug Imnovid, Israel's Competition Authority said on Monday.
After five months, the drugmakers provided the samples but the competition authority said it delayed competition for such an important drug. "We want to send a message to companies that have a dominant position in the market that they cannot act in a manner that is likely to reduce competition," Jonathan Cwikel, deputy legal counsel for civil and administrative affairs, told Reuters.
In signing the consent decree - which was seen by Reuters - and paying 10 million shekels, Bristol, Cwikel said, rejected any responsibility and did not admit any liability."On our part, we did not finalise our inquiry so we don't have any formal decision against them," he said.
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