OTTAWA, Feb. 20, 2019 /CNW/ - The Competition Bureau announced today that it is closing an investigation into allegationsof abuse of dominance by Janssen Inc., a Canadian pharmaceutical company owned by Johnson & Johnson.
The Bureau's investigation considered whether Janssen was engaging in conduct that shielded its biologic drug, Remicade, from competition
After a careful review of the facts, the Bureau has concluded that there is insufficient evidence to demonstrate that Janssen's conduct has substantially lessened or prevented competition in a relevant market. Therefore, at this time, the Bureau is unable to conclude that the Competition Act has been contravened.
While biosimilar drugs are relatively new in Canada, they are likely to play an important role in keeping health costs down in the future. Biosimilar drugs provide patients with safe and effective treatment options at prices often far lower than that of an original biologic.
Accordingly, although the Bureau has concluded this investigation, it will continue to closely monitor the Canadian biologic and biosimilar industry to respond to developments that have the potential to disrupt competition in this critical sector of the economy. The Bureau will not hesitate to take appropriate action to maintain and promote competition in the pharmaceutical industry.
For more details on the Bureau's investigation and findings, please consult our comprehensive position statement.
"Biosimilars are vital to competition in the pharmaceutical industry. They offer Canadians the benefit of lower priced drugs where treatments can cost upwards of thousands of dollars each year. The Bureau takes all allegations of harm to competition seriously, and we are vigilantly monitoring the conduct of companies in the pharmaceutical industry."
Matthew Boswell, Interim Commissioner of Competition
The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.
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SOURCE Competition Bureau
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