DA welcomes probe of top pharmaceutical company by Competition Commission

Johannesburg - The Competition Commission will conduct an investigation into the alleged anti-competitive conduct of Aspen Pharmacare, the Democratic Alliance said on Sunday.

"It is important that any possible anti-competitive behaviour, which would push up the price of medication for our people, must be fully investigated," said DA MP Wilmot James in a statement.

Earlier this week, the DA asked the Competition Commission and the Medicines Control Council to investigate claims of anti-competitive behaviour by pharmaceutical firm Aspen.

According to Fin24, Aspen shares dropped after UK reports claimed it had secretly planned to destroy life-saving cancer medicines, as a threat to force countries in Europe to allow price hikes.

The company is already in an ongoing legal process with European regulators, as well as a court in Italy. 

"The DA is concerned that the same practices may have been employed here in South Africa."

Comment from the Competition Commission was not immediately available.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Voting Booth
The ANC's leadership race is heating up. Who do you think will be elected party president at Nasrec in December?
Please select an option Oops! Something went wrong, please try again later.
Results
Nkosazana Dlamini-Zuma has got it in the bag
7% - 509 votes
I foresee a second term for Cyril Ramaphosa
82% - 6245 votes
Don’t discount a Zweli Mkhize win
11% - 817 votes
Vote
Rand - Dollar
17.84
+1.3%
Rand - Pound
20.20
-0.2%
Rand - Euro
17.54
+0.8%
Rand - Aus dollar
11.63
-0.4%
Rand - Yen
0.12
+1.2%
Gold
1,699.36
+2.3%
Silver
20.69
+8.7%
Palladium
2,225.50
+2.7%
Platinum
904.00
+4.6%
Brent Crude
85.14
-2.4%
Top 40
57,850
+0.8%
All Share
64,227
+0.8%
Resource 10
61,646
+2.3%
Industrial 25
77,524
+0.2%
Financial 15
13,816
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE