Pharmaceutical Industry Antitrust Laws

Pharmaceutical industry antitrust laws aim to promote fair competition and prevent monopolistic practices among drug manufacturers. These laws prohibit actions that stifle competition, such as price-fixing, exclusive agreements, or unethical collaborations to keep competitors out of the market. By ensuring that multiple companies can compete, antitrust laws help maintain affordable drug prices and encourage innovation. Regulatory authorities monitor and enforce these laws to protect consumers and support a diverse market, making sure that no single company can dominate and control drug availability or pricing excessively.