$580 million EU antitrust fine for drug makers

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BRUSSELS (AP) — The European Union’s antitrust body is imposing a fine of 428 million euros ($580 million) on France’s pharmaceutical company Servier and five producers of generic medicines for distorting competition.

The 28-nation bloc’s executive Commission on Wednesday said Servier struck a series of deals with the producers of generic medicines to protect its bestselling blood pressure medicine, Perindopril, from price competition.

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