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Alibaba's Historic $2.8bn Fine Signals Coming Antitrust Wave In China

Pharma Industry Group Prioritizes Compliance

 
• By Brian Yang

China's historic antitrust fine against Alibaba indicates regulatory attention to anticompetitive practices is mounting. Past cases show the pharma sector is not immune and while it remains segmented, investigators appear to be taking a generally more sophisticated approach to transgressions. 

Antitrust law gavel
HISTORIC ALIBABA FINE SIGNALS NEW WAVE OF ANTITRUST LITIGATION • Source: Shutterstock

Citing antitrust and anticompetition violations for sales methods used by Chinese e-commerce giant Alibaba’s TMall and its giant mobile payment platform Alipay, Chinese authorities have handed a record-setting fine to Jack Ma’s empire, potentially igniting a new wave of antitrust ligation in China with far-reaching implications.

After months of speculation, the other shoe has finally dropped, with the fine of CNY18.23bn ($2.78bn) the highest so far...

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Chinese Biotechs Sweep ADC Plus PD-(L)1/VEGF Bispecific Combos Into Phase II

 
• By Dexter Jie Yan

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• By Vibha Ravi

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Sino Biopharm Scoops LaNova In Chinese Pharma’s Biggest Biotech Buyout So Far

 
• By Dexter Jie Yan

Sino Biopharm will pay almost $1bn to acquire what target LaNova’s CEO described as an “exploding” pipeline, which includes six clinical-stage candidates in the oncology area.

China Sentences Astellas Employee To 3.5 Years In Prison On Spy Charges

 
• By Lisa Takagi

An employee of Astellas faces three and a half years in prison after sentencing by a court in China on espionage charges.

More from Focus On Asia

Sino Biopharm Scoops LaNova In Chinese Pharma’s Biggest Biotech Buyout So Far

 
• By Dexter Jie Yan

Sino Biopharm will pay almost $1bn to acquire what target LaNova’s CEO described as an “exploding” pipeline, which includes six clinical-stage candidates in the oncology area.

China Sentences Astellas Employee To 3.5 Years In Prison On Spy Charges

 
• By Lisa Takagi

An employee of Astellas faces three and a half years in prison after sentencing by a court in China on espionage charges.

Sun’s Alopecia Treatment Debuts In US - Can It Make Up For Lost Time?

 
• By Anju Ghangurde

Sun’s Leqselvi goes up against Lilly's Olumiant and Pfizer's Litfulo, which currently has the broadest label, in the US alopecia market. Can it shake things up early, amid growing activity in the space with several new mechanisms of action being investigated?