Actavis UK Raised Drug Prices 12,000 Percent, Watchdog Finds

Drug maker Actavis UK broke competition law by raising prices of hydrocortisone tablets by more than 12,000 percent, Britain’s competition watchdog said in a provisional ruling on Friday.

Higher prices meant the tablets cost Britain’s National Health Service (NHS) about 70 million pounds ($87 million) last year, up from about 522,000 pounds previously, the CMA said.

MORE ON THIS TOPIC