CMA Gets Post-Brexit Cancer Drug Pricing Pact From Aspen
By Matthew Perlman (April 27, 2022, 3:30 PM EDT) -- U.K. authorities reached a deal Wednesday allowing the country to enforce an agreement Aspen Pharmacare Holdings Ltd. cut with Europe's competition enforcer last year to lower prices for six cancer medications after an investigation into excessive pricing.
The Competition and Markets Authority said in a statement it assisted the National Health Service in securing commitments from Aspen that make the agreement enforceable in U.K. courts following the country's exit from the European Union.
The European Commission accepted an offer from Aspen last February that included lowering prices for the "life-saving drugs" by an average of 73%, but the CMA said Wednesday...
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