YEREVAN, FEBRUARY 16, NOYAN TAPAN. At the February 16 sitting, the RA State Commission for the Protection of Economic Competition examined the administrative complaint of Amikus company engaged in drug market. The company had requested cancellation of the decision about imposing a fine on it for an anti-competitive agreement. By a decision of the commission, a fine of 18.4 million drams (2% of the company's proceeds in the previous year) had been imposed on Amikus for groundlessly raising the prices of some essential drugs as a result of reaching an anti-competitive agreement in September and October 2009. A study showed that the anti-competitive agreement was reached among 7 big companies with largest sales in the drug market. In the opinion of the commission, the facts indicated in the administrative complaint of Amikus were unfounded, so the complaint was rejected and the commission's decision remained in force.

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