The Competition Council sanctioned five pharmaceutical companies supplying immunoglobulins and other human plasma-derived drugs, as well as the representative association of the Plasma Protein Therapeutics Association (PPTA) (Belgium) with fines worth a total of 353.4 million lei (approximately 71 million euros).According to a press release sent on last Tuesday, the sanctioned companies are: Baxalta Gmbh, Switzerland - 109 million lei; CSL Behring Gmbh, Germany - 76.8 million lei; Biotest AG, Germany - 25.5 million lei; Kedrion Spa, Italy -16.1 million lei; Octapharma AG, Switzerland - 125.1 million lei; PPTA, Belgium: 375,521 lei.Following the investigations, launched in 2018, the competition authority found that, in the period 2015-2018, the five companies adopted a coordinated strategy, which aimed at limiting and even interrupting the supply to the Romanian market with immunoglobulins, in order to exert pressure on the authorities to suspend the clawback tax for medicines derived from human blood or human plasma. This way, the companies aimed to create a commercial advantage, namely the improvement of profit margins.The PPTA facilitated these anti-competitive practices and contributed through its own actions to the achievement of the common goal, thereby going beyond the scope of specific activities at the level of an association in order to influence the legislative process.Lack of access to immunoglobulins, as essential medicines for the treatment of multiple serious illnesses, has endangered the lives of patients and led authorities to take crisis measures to provide patients with the necessary medicines, by accessing the European Civil Protection Mechanism, which indicates, by default, the magnitude of the gravity of the situation generated on the national market.The decision of the Competition Authority, which will be published in a non-confidential manner on the institution's Website, can be appealed to the Bucharest Court of Appeal.
Symmetrica, the leading local producer of vibropressed pavers and curbs and the largest Romanian manufacturer in its sector, is entering the final phase of construction for its new factory in Bolintin Vale (Giurgiu County). This facility will be the largest concrete paving and slab production unit in both the company’s network and the Southeastern European […]
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
This year's edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra […]
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
