Merck's Remicade discounting put squeeze on biosims—and broke U.K. law, officials say
Under biosimilar assault in Europe, Merck rolled out cut-rate deals on Remicade to defend its brand from cheaper options, then-brand-new to the market. Now, the U.K.’s competition authority claims the pharma giant “broke competition law” by lowering the med's price. In a statement of objections issued on Tuesday, the U.K.’s Competition and Markets Authority (CMA) says Merck abused a dominant position through a discount scheme for Remicade that was likely to restrict competition from ‘biosimilar’ versions of infliximab that were new to the market. Merck is known as MSD outside of the U...