UK watchdog fines Viatris $1.9 mln over rule breach in Theramex probe-February 2024-www.financetom.com

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

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

Nov 22, 2024 2:19 AM

Nov 22 (Reuters) - Britain's competition watchdog fined

U.S. firm Viatris ( VTRS ) 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 ( VTRS )

women's healthcare product ranges.

The Competition and Markets Authority (CMA) said Viatris ( VTRS )

breached regulations by failing to obtain its consent before

altering key staff and by not reporting the breach.

($1 = 0.7978 pounds)

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