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Pharmaceutical company makes commitments to EU antitrust chief

A South African firm commits to reduce prices significantly on three crucial European cancer drugs to avoid abuse of its dominant market position. EU's competition commissioner is satisfied with costs saved for European healthcare system gleaned from the firm's pledge.

BRUXELLES

A 73-percent price reduction on six products, which will be valid for the next ten years. That's South African pharmaceutical firm Aspen's price for evading a potential fine from the EU Commission for breaching the EU's competition rules, according to a decision presented on Wednesday by European Commission Executive Vice President Margrethe Vestager.

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CHMP to remove 100 generic medicines from market

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