Antitrust Antitrust

Profarma Specialty settles Brazilian cartel probe into medicine bid-rigging

By Ana Paula Candil
  • 14 Dec 2022 22:46
  • 14 Dec 2022 22:46
Profarma Specialty has agreed to pay 67.7 million reais ($12.8 million) to settle a Brazilian investigation into a bid-rigging cartel probe into medicines in several states.

The settlement accord was negotiated between the Tribunal of the Administrative Council for Economic Defense, or CADE, and the company, formerly known as Prodiet Farmacêutica. Councilor Sergio

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Ana Paula Candil

Senior Correspondent, Latin America


Ana Paula joined MLex in Brazil in 2014 writing about antitrust investigations and merger reviews. Prior to that, she worked for several trade publications and in TV. She lived in Washington DC, where she worked for Al Jazeera English in 2010. She studied journalism and holds a postgraduate diploma in International Business Management from the George Brown College in Toronto and a Master of Business Administration diploma in government relations from Fundação Getúlio Vargas (FGV).

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