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Violation Tracker UK Individual Case
Company: Viatris Inc.
Current Parent Company:
Viatris
Parent at the Time of the Penalty Announcement: Viatris
Penalty: £1,500,000
Year: 2024
Date: 22 November, 2024
Offence Group: competition-related offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: The Competition and Markets Authority fined Viatris Inc. £1.5 million for failing to comply with an enforcement order requiring it to obtain the consent of the CMA before making changes to key staff during an investigation of whether its proposed acquisition of rights to hormone replacement therapy treatments could reduce competition, and then failed to report the breach.
Agency: Competition and Markets Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: pharmaceuticals
Specific Industry of Parent: pharmaceuticals
Source of Data:
(click here)