{"id":621950,"date":"2018-11-22T04:22:21","date_gmt":"2018-11-22T04:22:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/"},"modified":"2018-11-22T04:22:21","modified_gmt":"2018-11-22T04:22:21","slug":"competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/","title":{"rendered":"Competition watchdog aiming for out-of-court settlement of EGP 5.6 bn fine for pharma distributors?"},"content":{"rendered":"

<\/a> Competition watchdog aiming for out-of-court settlement with pharma distributors?<\/strong> The Egyptian Competition Authority (ECA) is reportedly looking to reach an out-of-court settlement with four pharma companies it slapped with EGP 5.6 bn in fines for alleged anti-competitive behaviour, judicial sources<\/a> said. The ECA successfully brought a case against players including Ibnsina, Ramco, Multipharma, and United Company for Distribution and Trade on allegations<\/a> they colluded to cut credit periods and slash discounts to small pharmacies. At the request of the ECA, the Cairo Economic Court postponed to 19 December an appeal hearing originally scheduled for this week to give the parties time to reach a settlement, the sources claim.<\/p>\n","protected":false},"excerpt":{"rendered":"

Competition watchdog aiming for out-of-court settlement with pharma distributors? The Egyptian Competition Authority (ECA) is reportedly looking to reach an out-of-court settlement with four pharma companies it slapped with EGP 5.6 bn in fines for alleged anti-competitive behaviour, judicial sources said. The ECA successfully brought a case against players including Ibnsina, Ramco, Multipharma, and United […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[549,72,1414,9055,2380,11378],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621950","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-egyptian-competition-authority","tag-enterpriseam","tag-ibnsina-pharma","tag-ramco-pharm","tag-speed-round","tag-united-company-for-distribution-and-trade","wpautop","entry"],"acf":{"mongo_id":"95aa9b5d-653c-4e5c-bd58-c6f5a5bf4ba5","order":"0","is_powered_by":true,"section_story_id":"8fec468b-4add-4204-b6cf-7f453173fbe7","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621939],"teaser":"","voice_url":""},"yoast_head":"\nCompetition watchdog aiming for out-of-court settlement of EGP 5.6 bn fine for pharma distributors? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Competition watchdog aiming for out-of-court settlement of EGP 5.6 bn fine for pharma distributors?\" \/>\n<meta property=\"og:description\" content=\"Competition watchdog aiming for out-of-court settlement with pharma distributors? The Egyptian Competition Authority (ECA) is reportedly looking to reach an out-of-court settlement with four pharma companies it slapped with EGP 5.6 bn in fines for alleged anti-competitive behaviour, judicial sources said. The ECA successfully brought a case against players including Ibnsina, Ramco, Multipharma, and United […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-22T04:22:21+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Competition watchdog aiming for out-of-court settlement of EGP 5.6 bn fine for pharma distributors?\",\"datePublished\":\"2018-11-22T04:22:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/\"},\"wordCount\":119,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egyptian Competition Authority\",\"EnterpriseAM\",\"Ibnsina Pharma\",\"Ramco Pharm\",\"SPEED ROUND\",\"United Company for Distribution and Trade\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/\",\"name\":\"Competition watchdog aiming for out-of-court settlement of EGP 5.6 bn fine for pharma distributors? 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The Egyptian Competition Authority (ECA) is reportedly looking to reach an out-of-court settlement with four pharma companies it slapped with EGP 5.6 bn in fines for alleged anti-competitive behaviour, judicial sources said. The ECA successfully brought a case against players including Ibnsina, Ramco, Multipharma, and United […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-11-22T04:22:21+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Competition watchdog aiming for out-of-court settlement of EGP 5.6 bn fine for pharma distributors?","datePublished":"2018-11-22T04:22:21+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/"},"wordCount":119,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Egyptian Competition Authority","EnterpriseAM","Ibnsina Pharma","Ramco Pharm","SPEED ROUND","United Company for Distribution and Trade"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/competition-watchdog-aiming-for-out-of-court-settlement-of-egp-5-6-bn-fine-for-pharma-distributors\/","name":"Competition watchdog aiming for out-of-court settlement of EGP 5.6 bn fine for pharma distributors? 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The distribution companies (Ibnsina, Ramco, Multipharma and United Company for Distribution and Trade) are appealing an Egyptian Competition Authority\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628049,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/ibnsina-pharma-lays-out-its-case-to-appeal-antitrust-case\/","url_meta":{"origin":621950,"position":1},"title":"Ibnsina Pharma lays out its case to appeal antitrust case","author":"enterpriseam admin","date":"24 June 2018","format":false,"excerpt":"Ibnsina Pharma lays out case in appeal of antitrust case: Ibnsina Pharma has filed documents countering antitrust allegations leveled against the company by the Egyptian Competition Authority (ECA), said company Chairman Mohsin Mahgoub. A Cairo Economic Court had found in March that Ibnsina, along with competitors United Co. for Pharmacists,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601143,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/cairo-court-reduces-antitrust-fine-against-ibnsina-pharma-execs\/","url_meta":{"origin":621950,"position":2},"title":"Cairo court reduces antitrust fine against Ibnsina Pharma execs","author":"enterpriseam admin","date":"20 February 2019","format":false,"excerpt":"DISPUTE WATCH- Cairo court slashes antitrust fine against Ibnsina Pharma execs: The Cairo Appeals Court issued a ruling yesterday reducing an antitrust fine imposed on executives from Ibnsina Pharma to EGP 160 mn, down from an original EGP 2.04 bn fine handed down by the Cairo Economic Court, a source\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604978,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/what-were-tracking-this-week-and-beyond-45\/","url_meta":{"origin":621950,"position":3},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"18 December 2018","format":false,"excerpt":"The Cairo Economic Court is due to rule tomorrow on an appeal by pharma distributors of an anti-trust fine. The distribution companies (Ibnsina, Ramco, Multipharma and United Company for Distribution and Trade) are appealing an Egyptian Competition Authority fine of EGP 5.6 bn for having allegedly colluded to cut credit\u2026","rel":"","context":"In "Up Next"","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622712,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/eca-issues-sharp-warning-against-anti-competitive-practices-in-pharma\/","url_meta":{"origin":621950,"position":4},"title":"ECA issues sharp warning against anti-competitive practices in pharma","author":"enterpriseam admin","date":"10 October 2018","format":false,"excerpt":"** #7 ECA issues sharp warning against anti-competitive practices in pharma: The Egyptian Competition Authority (ECA) issued a not-so-veiled warning to pharma companies that forthcoming amendments to the Antitrust Act would \u201callow it to protect small- and medium- pharmacies from predatory collusion by larger players,\u201d ECA head Amir Nabil (LinkedIn)\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604923,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/what-were-tracking-this-week-and-beyond-44\/","url_meta":{"origin":621950,"position":5},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"17 December 2018","format":false,"excerpt":"The Federation of Egyptian Chambers of Commerce (known by the unfortunate acronym FEDCOC) will meet with its Saudi counterpart in Aswan tomorrow and Wednesday to discuss jointly working to promote the development of SMEs, federation boss Ahmed El Wakeel had said.The Cairo Economic Court is due to rule on an\u2026","rel":"","context":"In "Up Next"","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=621950"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621950\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/621939"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=621950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=621950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=621950"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=621950"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=621950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}