Competition and Innovation in the EU Regulation of Pharmaceuticals

Description

This book deals with parallel trade of pharmaceuticals from a Law Economics perspective. Traditionally, restrictions to parallel trade were regarded negatively because they ran against the rules of the EU internal market. However, in recent judgments Bayer, Glaxo and Syfait, EU Courts questioned some of the legal principles underpinning the EU policy on parallel trade in the field of pharmaceuticals. This revirement suggested that there might be scope for improvement of such policy. However, how and to what extent this change should be performed remained partially unclear. Through the analysis of the impact that parallel trade of pharmaceuticals has on consumer welfare, both in a static and in a dynamic sense, this work examines whether the current legal approach to parallel trade of pharmaceuticals reflects the findings of economic theory, whether it should change, and, if so, on what basis this adjustment should take place. The analysis does not only provide a policy assessment, but also wishes to offer some insights on one of the issues debated within the process of modernization of EU competition law how judges should integrate economic reasoning in the antitrust assessment of corporate practices. This book is particularly useful both for practitioners and legal scholars who want deepen their understanding of the EU pharmaceutical market and of the most recent EU judicial developments in that field, as well as of their implications for EU competition law in a modernized context.About the authorClaudia Desogus is a lawyer and works in Italy in the fields of competition law and arbitration. She is also a Post-doc researcher at the University of Bologna and currently collaborates with Centre for European Policy Studies CEPS in Brussels. Dr. Desogus background combines both law and economics. She has a BA in Law Bocconi University of Milan, a LL.M. in Law and Economics University of Hamburg and a Ph.D. in Law and Economics University of Bologna and Erasmus University of Rotterdam. Previously, she has worked in Brussels as a legal consultant on competition issues. Dr. Desogus has published in leading European and Italian law journals ECLR, Giurisprudenza Commerciale, Il Diritto Industriale, etc..