Pharmaceutical group agrees to pay over £380,000 in care-home medicine cartel
By Simon Barnes
On 12 December 2013, the Office for Fair Trading (OFT) announced that a £380,000 settlement had been agreed in relation to a market sharing cartel involving two pharmaceutical suppliers.
The settlement follows an investigation by the OFT into agreements between Quantum Pharmaceutical and Lloyds Pharmacy under which medicines were supplied to care homes between May 2011 and November 2011.
The OFT found that the parties had colluded to ensure that Quantum’s sister, Tomms Pharmacy, would not supply prescription medicines to existing Lloyds care-home customers. In return, at least for some of the time, Lloyds agreed not to supply prescription medicines to existing care-home customers of Tomms Pharmacy…
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