MEXICO CITY — Mexico’s competition regulator Cofece said on Wednesday Oct. 19 it had opened an investigation into possible “absolute monopolistic practices” in the country’s medicines market, Reuters reported.
Cofece’s investigative unit will look at the production, distribution and sale of medicines, it said in the official government gazette. The investigation should last between 30 and 120 working days, but that could be extended, Cofece said.
Absolute monopolistic practices are collusive agreements between competitors meant to fix prices, divide up markets or rig bids, Cofece said on its website.
The statement did not identify what medicines and companies might come under the scope of the investigation.
No one was available to comment at Cofece before normal business hours.
more recommended stories
Mérida and San Francisco outline projects to multiply the areas of opportunity
“As a Municipality, we work in.
On the issue of the Cuban doctors in Mexico, AMLO literally said: “Conservatives go to hell!”
Andrés Manuel López Obrador, president of.
Yucatan and Campeche, the states with the highest honey production in Mexico
Within the framework of World Bee.
Is Yucatan ‘running out’ of priests?
“In Yucatan there are around 150.
AMLO meets privately with the owner of Calica
President Andrés Manuel López Obrador held.
Playa del Carmen “suffers” the massive arrival of sargassum
The massive arrival of sargassum on.
IPN student reported missing in Mexico City
Mexico City authorities have searched for.
Tropical waves and possible hurricanes are approaching Mexican territory (CONAGUA)
Significant rains are forecast over the.
Owner of a school in Monterrey arrested for placing video cameras in the girls’ bathroom
A 73-year-old man who owns a.
Massacre in Celaya hotel leaves 11 dead and four injured; Guanajuato
Eleven people dead and at least.