Luxembourg Competition Authority Carries Out Dawn Raids in Life Sciences Industry
- 13/06/2024
- News
The Luxembourg Competition Authority (LCA) announced today that it carried out on-premise inspections in the life sciences sector targeting suppliers of pharmaceutical and related products (see, attached press release). In keeping with good operating practices, the LCA did not identify the firms which it visited. Likewise, it was not forthcoming with details regarding the practices which it sought to review and only referred to “anticompetitive arrangements”.
The LCA urged firms which it did not visit and which may have knowledge of such arrangements to come clean and make use of its leniency programme.
The LCA’s move seems to reflect a continuing focus of the European Commission and national competition authorities on the life sciences industry. It also points to an increased enforcement activity on the part of the LCA which published the results of a sector inquiry into the pharmaceutical sector in June 2022 (see, Van Bael & Bellis Life Sciences News & Insights of 17 June 2022).
