European Commission Imposes Hefty Fine On Firm For Blocking Rival MS Drug Developer

11/7/2024 2:06:00 PM

(MENAFN- Investor Brand Network) Last week, the European Commission announced that it had
imposed a half-a-billion dollar fine
on
Teva , a multinational Pharmaceutical firm based in Israel. The company, which specializes in generic drugs, is said to have artificially extended patent protection for its multiple sclerosis drug known as Copaxone. The drug has glatiramer acetate as its active ingredient.

In a statement, the commission argued that the...

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