Hearing for antitrust case against Ibnsina Pharma on 19 February
The hearing for the antitrust case against Ibnsina Pharma [ISPH.CA] and four other pharmaceutical distributors will take place on 19 February. This marks the sixth appeal hearing of the case after the preliminary ruling was made on 2 Feb 2018. Executives at the company and four other pharmaceutical distributors were fined a maximum of EGP5.6bn collectively for colluding on sale and marketing policies by reducing financing facilities and discount periods for retailers, which harmed small-sized pharmacies. (Enterprise)
Ibnsina Pharma: EGP10.59 as of 13 Feb. 2019, Rating: Buy, TP: EGP14.00/share, MCap: USD436mn, IBNP EY/ISPH.CA
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