UK watchdog fines Viatris $1.9 mln over rule breach in Theramex probe

Reuters

2024/11/22

Nov 22 (Reuters) - Britain's competition watchdog fined U.S. firm Viatris 1.5 million pounds ($1.88 million) on Friday for violating an order during its investigation into Theramex's acquisition of European rights to two of Viatris's women's healthcare product ranges.

The Competition and Markets Authority $(CMA)$ said Viatris breached regulations by failing to obtain its consent before altering key staff and by not reporting the breach.

($1 = 0.7978 pounds)

(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Savio D'Souza)

((DhanushVignesh.Babu@thomsonreuters.com;))

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