France fine Novartis, Roche and Genentech $500 millionChristian Fernsby ▼ | September 10, 2020
The French competition authority (AFC) on Thursday slapped a record 444 million euro ($500 million) fine on pharma groups Novartis, Roche and Genentech over market abuses in sales of macular degeneration drugs.
Topics: France Novartis Roche Genentech
Swiss firm Novartis marketed Lucentis outside the US. But doctors realised that Genentech’s anti-cancer drug Avastin could have positive effects on the eye disease and began to prescribe it.
Roche, which, since 2009, has a 100 percent capital stake in Genentech, markets Avastin outside of the United States.
An injection of Avastin costs around 30 to 40 euros, compared with a launch price of 1,161 euros for Lucentis ramping up the cost for French social security, which picks up the full tab for the treatment needed by some 150,000 people in France. ■