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Wednesday, June 28, 2006  
Pfizer, Bayer, Lilly face Swiss probe over alleged impotence drug price fixing
Swiss competition authority WEKO said it has started to investigate Pfizer Inc, Bayer AG and Eli Lilly & Co over alleged price fixing of their impotence drugs Viagra, Levitra and Cialis.

The recommended retail prices are almost identical, WEKO said.

Preliminary research by WEKO also raised concerns about price-fixing of over-the-counter drugs which are sold for very similar prices, it said.

WEKO pointed out that these drugs are sold on the basis of recommended retail prices, and that the fact that pharmaceutical companies make recommended retail prices publicly available might severely impede competition.

WEKO said it would also investigate pharmacists und general practitioners.

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