Following concerns that Pfizer Inc.'s proposed acquisition of Hospira Inc. will result in a substantial lessening of competition, Pfizer has reached an agreement with the Competition Bureau to sell the Canadian assets related to four pharmaceutical products distributed by the pharma giant in Canada.
The Bureau was largely concerned with the supply of the following products in the Canadian pharmaceuticals market:
- methotrexate sodium tablets,
- injectable cytarabine,
- injectable epirubicin hydrochloride, and
- injectable voriconazole.
Approval of the sale of these four products is in the sole discretion of the Commissioner of Competition, provided that the buyer(s) facilitate effective competition in Canada.
Pfizer announced plans to acquire Hospira in February 2015.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
