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Navarro Varona, Edurne; Caballero Candelario, Cristina --- "THE PHARMACEUTICAL SECTOR AND PARALLEL TRADE" [2019] ELECD 1276; in Figueroa, Pablo; Guerrero, Alejandro (eds), "EU Law of Competition and Trade in the Pharmaceutical Sector" (Edward Elgar Publishing, 2019) 405

Book Title: EU Law of Competition and Trade in the Pharmaceutical Sector

Editor(s): Figueroa, Pablo; Guerrero, Alejandro

Publisher: Edward Elgar Publishing

Section: Chapter 10

Section Title: THE PHARMACEUTICAL SECTOR AND PARALLEL TRADE

Author(s): Navarro Varona, Edurne; Caballero Candelario, Cristina

Number of pages: 26

Abstract/Description:

Parallel trade refers to instances in which a product legally sold for a low price in one country is exported to a different country in which the same product is sold for a higher price. This chapter focuses on parallel trade’s effect on the pharmaceutical industry, the evolution of parallel trade in recent years in this sector, as well as the implications from the perspective of competition law. In particular, it includes an analysis of the case-law related to the parallel trade of pharmaceuticals developed by the EU Courts in light of Articles 101 and 102 of the TFEU over the last few years. It also discusses the economies of parallel trade, including the impact on consumer welfare and innovation.