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Violation Tracker UK Individual Case

Company: Medreich plc and Medreich Ltd
Current Parent CompanyMeiji Group
Parent at the Time of the Penalty Announcement: Meiji Group
Penalty: £1,167,554
Year: 2022
Date: 3 February, 2022
Offence Group: competition-related offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: Alliance Pharmaceuticals Limited and Alliance Pharma plc, Focus Pharmaceuticals Limited, Focus Pharma Holdings Limited, Mercury Pharma Group Limited, Concordia Investment Holdings (UK) Limited, Concordia Investments (Jersey) Limited and Advanz Pharma Corp. Limited, Cinven Capital Management (V) General Partner Limited, Cinven (Luxco 1) S.A .r.l and Cinven Partners LLP, Lexon (UK) Limited and Lexon UK Holdings Limited, Medreich plc, Medreich Ltd, Meiji Seika Pharma Co. Ltd and Meiji Holdings Co. Ltd. were fined by the CMA following an investigation finding that the companies engaged in anti-competitive behaviour to increase the price of the drug prochlorperazine. Medreich's fine had a 40% leniency reduction for cooperating with the investigation.
Action Type: agency action
Settlement Type: Settlement and Leniency agreement with CMA
Agency: Competition and Markets Authority
HQ Country of Parent: Japan
Ownership Structure of Parent: publicly traded
Major Industry of Parent: food products
Specific Industry of Parent: food and pharmaceuticals
Source of Data(click here)