High-market concentration in some molecules is major issue in Sun Pharma-Ranbaxy deal: CCI Chairman
The major issue being probed in the multi-billion dollar Sun Pharma-Ranbaxy deal is to see if there is a high-market concentration in some molecules which will emerge as result of the proposed merger and acquisition (M&A) deal, chairman of the Competition Commission of India (CCI) said at an ASSOCHAM event held in New Delhi.
about controlling the prices of essential drugs, head of the fair
trade regulator said, "Only if it is unfair and discriminatory do
we come into the picture but the government has an instrument in
terms of essential medicines' list where they regulate prices and I
think it will be done under that."
On the issue of imposing
fines on carmakers for violating trade norms in the spare parts and
after services market, Chawla said, "Our whole attempt was to
ensure that the spare parts and maintenance market is more
broad-based, user-friendly and less expensive for the consumers."
his address at the ASSOCHAM conference, the fair trade watchdog's
chairman said, "For an emerging market economy like India, we need
to bet on knowledge and creativity of mind and for that we need to
invest much more on research and innovation and not just borrow, copy
or steal but actually apply the mind to invest more on that."
also need to design our public policies and legal systems which are
appropriate to encourage this," he added.
the issue of technology transfer agreements, Chawla said, "We need
to look at clearly in terms of the interplay of these forces whether
these agreements tend to divide and partition markets or not, whether
they foreclose the acquisition or acceptance of new technologies or
his views at the ASSOCHAM conference, Chaitanya Prasad, Controller
General of Patents, Designs & Trade Marks said, "One only needs
to look at IPR policies of major economies like the US, China and EU
and at how competition unfolds in many companies in innovative
industries to see that IP and competition law share the same
underlying goals as both promote competition in the dynamic sense."