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Thursday, 20 September 2018

Court pushes reset button on Ibnsina antitrust case

Court pushes reset button on Ibsina antitrust case: An Egyptian court decided yesterday to restart legal proceedings on Ibnsina’s appeal of antitrust sanctions in a case brought by the Egyptian Competition Authority. The case was booked for a hearing on 19 November, Ibnsina said in a disclosure yesterday (pdf). In March, the court had ruled against Ibnsina, United Pharma, Ramco Pharma, and Multipharma, for allegedly colluding to cut credit periods and slash discounts to small and medium pharmacies.

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