SCPEC Declined One More Administrative Complaint Filed By A Pharmace

SCPEC DECLINED ONE MORE ADMINISTRATIVE COMPLAINT FILED BY A PHARMACEUTICAL COMPANY

PanARMENIAN.Net
12.02.2010 13:38 GMT+04:00

/PanARMENIAN.Net/ At the meeting held on February 12, 2010, the
Armenian State Commission on Protection of Economic Competition,
SCPEC, discussed and refused an administrative complaint submitted
by Agro Farm Company, the SCPEC press office reported.

According to the report, Argo Farm is among 7 pharmaceutical companies
which concluded an anti-competitive agreement, unreasonably raising
drug prices.

Companies will be imposed a fine equivalent to 2% of their annual
turnover, the total sum of the fine for 7 companies exceeding AMD
450 million.

The SCPEC found the arguments listed in the administrative complaint
unsound. Thus, the decision on the fine remains valid.

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

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Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS