Drug­mak­ers fined over anti-monopoly rules

China Daily (Hong Kong) - - CHINA -

Three Chi­nese crude drug man­u­fac­tur­ers were fined heav­ily on Thurs­day for vi­o­lat­ing anti-monopoly rules. The au­thor­i­ties im­posed fines to­tal­ing 12.8 mil­lion yuan ($1.87 mil­lion), in­clud­ing the con­fis­ca­tion of il­le­gal in­come, on three pro­duc­ers of glacial acetic acid, a crude drug used in hemodial­y­sis, the State Ad­min­is­tra­tion for Mar­ket Reg­u­la­tion said in an on­line state­ment. The penalty came after a month­s­long in­ves­ti­ga­tion by the ad­min­is­tra­tion, which found the three com­pa­nies had vi­o­lated China’s an­ti­monopoly rules.

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