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Teaching Economics

In the News

GSK hit by fine for anti-competitive behaviour

Graham Watson

12th February 2016

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Quelle surprise - on being fined for anti-competitive behaviour, GSK deny the allegations and argue that they brought the drugs of their generic rivals to the market earlier, saving the NHS money. Quite why a profit-maximising firm would act in this fashion, I don't know but I'm smelling a rat not least because "the CMA pointed out that after generic paroxetine entered the market properly at the end of 2013, average prices for the drug fell more than 70% in two years. More here from the CMA website.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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