{"id":622712,"date":"2018-10-10T05:44:45","date_gmt":"2018-10-10T05:44:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/eca-issues-sharp-warning-against-anti-competitive-practices-in-pharma\/"},"modified":"2018-10-10T05:44:45","modified_gmt":"2018-10-10T05:44:45","slug":"eca-issues-sharp-warning-against-anti-competitive-practices-in-pharma","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/eca-issues-sharp-warning-against-anti-competitive-practices-in-pharma\/","title":{"rendered":"ECA issues sharp warning against anti-competitive practices in pharma"},"content":{"rendered":"

<\/a> ** #7 ECA issues sharp warning against anti-competitive practices in pharma: <\/strong>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<\/a>) said at a workshop on the law. He referenced the EGP 5.6 bn fine imposed by the Economic Court back in March on 13 executives from Ibnsina Pharma, United Co. for Pharmacists, Ramco Pharm, and Multipharma. All are accused of colluding to cut credit periods and slash discounts to small and medium sized pharmacies. The next hearing of Ibnsina\u2019s appeal will take place on 19 November. The ECA statement (pdf)<\/a> issued following the workshop gave no detail on the actual law itself.<\/p>\n

Background:<\/strong> The ECA has been looking for some time to expand its powers through amendments to the Antitrust Act. The authority is seeking the right to sign-off on mergers worth more than EGP 100 mn. Nabil had said<\/a> that the ECA was resurrecting plans to pass the amendments following reports that Uber and its regional rival Careem were engaged in merger talks.<\/p>\n","protected":false},"excerpt":{"rendered":"

** #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) said at a workshop on […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622712","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"865ba196-76ec-4219-b6ad-f0d5f3aa9fdc","order":"0","is_powered_by":true,"section_story_id":"4e0c65c0-42af-4a13-98df-473ac602eff0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622700],"teaser":"","voice_url":""},"yoast_head":"\nECA issues sharp warning against anti-competitive practices in pharma - 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\/10\/10\/eca-issues-sharp-warning-against-anti-competitive-practices-in-pharma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECA issues sharp warning against anti-competitive practices in pharma\" \/>\n<meta property=\"og:description\" content=\"** #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) said at a workshop on […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/eca-issues-sharp-warning-against-anti-competitive-practices-in-pharma\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-10T05:44:45+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\/10\/10\/eca-issues-sharp-warning-against-anti-competitive-practices-in-pharma\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/eca-issues-sharp-warning-against-anti-competitive-practices-in-pharma\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ECA issues sharp warning against anti-competitive practices in pharma\",\"datePublished\":\"2018-10-10T05:44:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/eca-issues-sharp-warning-against-anti-competitive-practices-in-pharma\/\"},\"wordCount\":198,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/eca-issues-sharp-warning-against-anti-competitive-practices-in-pharma\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/eca-issues-sharp-warning-against-anti-competitive-practices-in-pharma\/\",\"name\":\"ECA issues sharp warning against anti-competitive practices in pharma - 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