China's market regulator fines, confiscates revenue from pharmas for monopolizing APIs for epinephrine
China’s market regulator, the State Administration for Market Regulation, announced on Sunday that it fined and confiscated revenue from two pharma companies for what it called a monopolistic deal.
Grand Pharmaceutical was fined $19.68 million (139.3 million yuan) and the regulator confiscated $21 million (149 million yuan) of what it called “illegal revenue” for entering into a monopoly with Wuhan Healcare Pharmaceuticals over two drugs and their active pharmaceutical ingredients (APIs): norepinephrine bitartrate and epinephrine.
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