BEUC to be involved in EU investigation on Aspen Pharma

BEUC NEWS - 27.11.2017

The EU Competition watchdog is currently Aspen Pharma’s potential abuse of dominant position in the pricing of cancer drugs. Last week Friday the EU Commission accepted BEUC's to become an interested third party in the investigation. This status gives BEUC access to documents and the chance to officially express its views at hearings.

BEUC’s member organisations are concerned that Aspen Pharma has restrained consumer access to some life-saving or life-prolonging medicines.

In 2014, the Italian Competition authority fined the pharma company €5 million for inflating the price of several cancer medicines. Our member played a key role in this case by denouncing the unjustified price increase of the cancer medicines in 2014. Aspen had withdrawn its drugs and reintroduced them on the market a few months later with a price tag between 300% and 1,500% higher.

Consumer organisations (Belgium) and (Spain) have also observed similar price hikes of Aspen’s drugs on their respective markets.

  • to EU Commission to become interested third party, November 2017
  • to EU Commissioner Vestager, October 2016
  • , ‘Access to medicines: Commission investigation into Aspen Pharma’, May 2017