GLAXO WELLCOME
May 1st, 2001
BY KEITH NUTHALLTHE EUROPEAN Commission has banned Glaxo Wellcome's dual pricing system in Spain, where the company requires Spanish wholesalers to pay a higher price for pharmaceuticals, which they export to other Member States, than when reselling the same products locally.Glaxo had hoped to reduce parallel trading of its products within the European Union, but its move sparked the Commission into action; it has consistently defended the right of distributors in a variety of sectors to partake in such grey market activities, limiting the right of manufacturers ...
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