Digital Empire

Questions You Should be Asking the World Around You

Britain Fines Steroid Makers 260 Million Pounds

Britain’s competition regulator has fined more than 10 drug firms a record combined 260 million pounds ($360 million) for overcharging the National Health Service (NHS) for a steroid which rose from 70p to 88 pounds a pack in under eight years.

https://www. reuters .com/world/uk/britain-fines-drugmakers-360-million-overcharging-nhs-2021-07-15/

It’s important to note that this story goes all the way back to 2011. (Maybe even as far back as 2008).

The Competition and Markets Authority found that Waymade and Auden Mckenzie had entered into anticompetitive agreements in relation to the supply of hydrocortisone to the NHS. Auden Mckenzie paid Waymade to stay out of the market between 2011 and 2015 while it increased the price from around £46 to £90 for a pack of 30 20 mg tablets.

https://en. wikipedia .org/wiki/Vijay_Patel_(businessman)

These are the companies that were mentioned by the news.

Waymade PLC – Vijay Patel. Indian English businessman. Born on 1950 in Kenya.

https://en. wikipedia .org/wiki/Vijay_Patel_(businessman)

Accord Healthcare – Previously known as Actavis UK and Auden Mckenzie.

Allergan – formerly an Accord Healthcare parent company.

https://www. marketwatch .com/story/accord-healthcare-to-appeal-uk-watchdog-fine-for-collusion-overcharging-update-271626347053

Actavis Genetics – Formerly known as Watson Pharmaceuticals and Actavis PLC.

In August 2016, Actavis sold its generic line of products to Teva Pharmaceuticals.

Founded by Allen Chao. Allen Y. Chao is a Taiwanese-American businessman who founded Watson Pharmaceuticals and served as chief executive officer from 1984 to 2008 and chairman.

In December 2016, the company was accused of breaking competition law by “charging excessive and unfair prices” by the Competition and Markets Authority.

https://en. wikipedia. org/wiki/Allen_Chao,_Ph.D.

https://en .wikipedia .org/wiki/Actavis

Allergan – Acquired by Actavis PLC in 2015.

In August 2016, Allergan sold its generic line of drugs to Teva Pharmaceuticals.

Acquired by AbbVie Inc in May of 2020.

Brent Saunders was the CEO of the combined company. Brent Saunders was born in Arizona on Feb 6, 1970.

https://en .wikipedia .org/wiki/Brenton_L._Saunders

https://en .wikipedia .org/wiki/Allergan

Abbvie Inc – An American publicly traded biopharmaceutical company.

CEO – Richard Gonzalez.

He didn’t have a Master’s from the U of Miami in the same disciple as they claimed

Gonzalez had actually attended the University of Houston and he did major in biochemistry, even though he didn’t earn his degree

https:// moneyinc .com/abbvie-ceo-richard-gonzalez/

https://en. wikipedia. org/wiki/AbbVie

Intas Biopharmaceuticals – Intas Pharmaceuticals limited is an Indian company headquartered in Ahmedabad, India. Created by Urmush Chudgar and is presently headed by Hasmukh Chudgar.

In 2017, Intas acquired ActavisUK and Actavis Ireland from Teva Pharmaceuticals.

https://en. wikipedia .org/wiki/Intas_Biopharmaceuticals

Teva Pharmaceuticals – An Israeli company that the CMA ignored.

Teva Pharmaceuticals, is a global pharmaceutical company with headquarters in Petah Tikva, Israel. It specializes primarily in generic drugs.

The company is a member of the Pharmaceutical Research and Manufacturers of America (PhRMA)

CEO – 2011 Schlomo Yanai. 2012 Jeremy Levin. 2014 Erez Vigodman. 2017 Yitzhak Peterburg. 2020 Kare Schultz.

Teva Pharmaceuticals still owned Actavis + Allergan by the time the CMA started investigating in December of 2016.

From 2011 and on, Teva Pharmaceuticals underwent a series of divestments.

-Sold assets to Par Pharmaceuticals

-Sold assets to Dr. Reddy Laboratories, India.

-Sold assets to Zydus Cadilla, India.

-Sold assets to Cipla, India.

-Sold Actavis to Intas, India.

-Sold assets to Mayne Pharmaceuticals, Australia.

-Sold assets to CVC Capital Partners Fund. Multinational. Based in London.

-Sold assets to Amneal Pharmaceutical, US.

-Sold assets to Foundation Consumer Healthcare. Pittsburgh, US.

-Sold assets to Cooper Companies. California, US.

Proof that Palestinians are the native inhabitants of Israel.

Teva Pharmaceutical Industries was founded by Günther Friedländer and his aunt Else Kober on May 1, 1935

Friedländer was a German pharmacist, botanist and pharmacognosist, who immigrated to Mandatory Palestine in 1934, following the Nazi Party Rise to power.

Thoughts, comments, suggestions? Feel free to leave a reply. You may need to sign in to Wordpress. Or you can leave your e-mail address. (Replies are moderated)

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Information

This entry was posted on 07/16/2021 by in EU and tagged , , , , .

Questions You Should be Asking the World Around You

Everything and nothing specific

See something you like?

Send a request, and I'll try and get you your own custom Digital Empire art.

Recent

July 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
Follow Digital Empire on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 1,420 other followers

Finding Love In Anotherland

Life Is What We Love

SmileHivo

"Travel brings power and love back into your life"

The Essence of you

Inspire Innovate Improve.

FOGFIRE TV

FIND IT LOVE IT WATCH IT

Learning with Life

Poems, quotes, learning, feelings, introspect, experience as well as discovering..

Creadores de Letras Emergentes

Iniciativa del escritor Cleider Araujo Alarcón cuya finalidad es promover la cultura y las artes en general.

Shristy Singh

Adding Creativity Through Brush...........

Post Rock / Quality music

Creative bands of extreme quality and competence

Freer than Bird/鳥よりも自由

旅行記、ゴルフ、ドローン映像など自由気ままな内容/Travel, Golf, Drone etc.

City Of Brides (Dating Single Ukrainian Girls)

Meet your beautiful Ukrainian bride in the "City of Brides"

LunfaFirulete

AbolitionSuperstition

I Pretty YOU

I'll help you to be prettier ONE from the way you're looking right now.. #fashiontips# #beautyproducts# #Weightlossideas# #Makeups# #Recipies# #Ketodeitplans#

Unusual Talks

Quite a few realizations out of the box

Coisas da SIL

Escrevo o que percebo e sinto ao meu redor./ write what I perceive and feel around me.

TLAMN Incoming

Posting Info you'll hear, read & watch ~76Hrs from now. Covering Politics, FP/IR, Psephology, Military Science, History & whatever you fancy as a 4th Estate & True-Born Sons Journo, sans apathy, hubris and MSM/E-Celeb LARPing. Unique insights & explanations re Modern Political Field Campaign Theory, Data-Diving, Fund-IDing, The Schism, and Endgame. Of course, funny Toons, bangin' Tunes, and things going #Boosh

%d bloggers like this: