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Member states could have saved around €3 billion over the last eight years if big pharmaceuticals had not blocked the entry of generic drugs to the market (Photo: www.freeimages.co.uk)

Big companies block cheap generic drugs, EU report says

Big pharmaceutical companies delay or block the market entry of competing medicines, resulting in "significant additional costs" for taxpayers and patients, a preliminary report on the European Commission's competition inquiry into the pharmaceutical sector has revealed.

"We now have a solid view of what is happening and why: the next step is to discuss our findings with the stakeholders and to draw the necessary conclusions. It is still early days, but the commission will not hesitate ...

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Member states could have saved around €3 billion over the last eight years if big pharmaceuticals had not blocked the entry of generic drugs to the market (Photo: www.freeimages.co.uk)

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