Was Concordia ever fined in the UK?

[judycopage]

I'm writing an article about my experience of finally obtaining T3. I have written about the overcharging case with Concordia in 2017. Does anybody know if they were ever fined by the UK government? I can only find reports saying that Concordia were provisionally accused. Did they get away with it?

Many thanks!

[tattybogle]

Press release

CMA fines pharma firm over pricing of crucial thyroid drug

The CMA has imposed over £100 million in fines after Advanz inflated the price of thyroid tablets, causing the NHS and patients to lose out..........

From:

Competition and Markets Authority

Published

29 July 2021

gov.uk/government/news/cma-...

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just adding link to T3 prescribing report here in case it's of any use for your article: thyroidtrust.org/t3-news-an...

(thyroidtrust.org/t3-news-and-resources)

Post by   TaraJR discussing the above report:

healthunlocked.com/thyroidu...

.. she was involved in getting T3 prescribing route sorted out in Norfolk and may be interested in your article so i've tagged her to alert her to your post judycopage

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*Note "Concordia changed it's name from Concordia Healthcare Corp. in Nov 2018 to Advanz Pharma" Extremely detailed History of manufacturers/ company takeovers etc etc here: helvella.blogspot.com/p/hel... in helvella 's new blog .

[SlowDragon Administrator]

They have been fined £100m……but still not paid the fine ….yet

fiercepharma.com/pharma/adv...

[Rapunzel in reply to SlowDragon]

There's nothing 'quasi' about your criminality, Advanz. Pay up you gouging chancers 👿

[Sleepman in reply to Rapunzel]

The money made by increasing share price and selling the company way more than the fine. Horrific suffering inflicted. How do they sleep at night.

[Mlinde in reply to Sleepman]

It's probably owned by a faceless, private equity corporation based in the middle of nowhere, so no bodies requiring sleep involved. This is the face of neoliberal capitalism.

[TaraJR]

Hi judycopage I'd be very interested to hear more about your forthcoming article. I'm involved with the consortium of thyroid patient organisations fighting the T3 saga. Message me if that's better?

[judycopage in reply to TaraJR]

Thanks Tara - have sent you a message.

[judycopage]

Thank you all! Very good stuff, and I have some of these articles, but others are great as more up-to-date. I have now learnt that Concordia and Advanz are the same company! That will make a difference to my article. If you're interested, I'm a citizen journalist and editor for Central Bylines, a volunteer group part of the Bylines network.

centralbylines.co.uk/

bylinesnetwork.co.uk/

Sorry don't know how to make a link for websites

[tattybogle in reply to judycopage]

if you want to check any company details re . who owns which brand name , date of change in company ownership etc . etc . contact helvella .. he's done a huge amount of work to log all this history for both levo and Lio and keep it up to date ... Some stuff is easy to find in his blog which i already linked to above .. where he's recently done graph showing those historic price increases for Liothyronine and the much lower current prices .

'Every thing else you ever wanted to know' is to be found his (enormous ) Vade Mecum here : healthunlocked.com/thyroidu... (it's in 'pinned posts' )

Also click on his name here helvella to go to his profile page ... there are more links to his work under

"Bio

A list of documents I have assembled which could be of interest or use to thyroid patients.... "

[helvella Administrator Thyroid UK in reply to tattybogle]

I think it might now be better to link to my profile (as you suggest) or directly to this:

helvella.blogspot.com/p/hel...

[helvella Administrator Thyroid UK in reply to judycopage]

Advanz was the name they adopted when they shifted home from Canada to UK. Though they are now owned by another company!

Nordic Capital acquires speciality pharmaceutical company ADVANZ PHARMA in deal worth ~ $846 million

advanzpharma.com/news/2021/...

You might find this useful:

helvella.blogspot.com/p/hel...

Feel free to send me a message, if you wish.I'll do my best to answer anything.

[judycopage]

Will post here when my article is published

[judycopage]

Thank you helvella and tattybogle!