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Pharma executives, distributors arrested by South Korean prosecutors for rigging bids on public tenders for vaccines, in a probe that could stretch to more than 50 companies

By Choi Hyung-jo ( December 11, 2019, 09:05 GMT | Insight) -- Several executives of South Korean pharmaceutical companies have been arrested by the country’s prosecutors’ office in its first independent antitrust probe since the inauguration of the new prosecutor-general, with investigators suspecting collusive schemes on public tenders among dozens of vaccine producers and distributors covering a wide swathe of the South Korean vaccine market. The arrests are only the beginning of an investigation that could involve billions of dollars in vaccine tenders won through suspected collusion, as the probe expands to more than 50 companies, MLex has learned.Several executives of South Korean pharmaceutical companies have been arrested by the country’s prosecutors’ office in its first independent antitrust probe since the inauguration of the new prosecutor-general, with investigators suspecting collusive schemes on public tenders among dozens of vaccine producers and distributors covering a wide swathe of the South Korean vaccine market. The arrests are only the beginning of an investigation that could involve billions of dollars in vaccine tenders won through suspected collusion, as the probe expands to more than 50 companies, MLex has learned....

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