At the meeting held on February 12, 2010, the Armenian State Commission on Protection of Economic Competition, <b>SCPEC</b>, discussed and refused an administrative complaint submitted by Agro Farm Company, the SCPEC press office reported.
According to the report, Argo Farm is among 7 pharmaceutical companies which concluded an anti-competitive agreement, unreasonably raising drug prices.
Companies will be imposed a fine equivalent to 2% of their annual turnover, the total sum of the fine for 7 companies exceeding AMD 450 million.
The SCPEC found the arguments listed in the administrative complaint unsound. Thus, the decision on the fine remains valid.
