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Quinine Price Rigging Tied to International Cartel Action
Senate investigator Dr. John M. Blair testified that a cartel used quinine bought from the U.S. stockpile to rig prices and resell the drug at up to ten times cost. The scheme involved three English firms, two French, two West German, and one Dutch company, and affected quinidine prices crucial to about 250,000 U.S. heart patients.
MENTIONED IN THIS ARTICLE
Washington
U.S
America
Senate
John M. Blair
Senate Antitrust and Monopoly Subcommittee
General Services Administration
Blair
Subcommittee
United States
France
West Germany
Netherlands