Symphony's suit alleges IMS Health "monopoly"

Share this article:
Frank Lavelle
Frank Lavelle

Symphony Health Solutions filed an antitrust lawsuit against IMS Health, accusing it of trying to monopolize the pharma data and analytics market. The Horsham, PA, firm filed the suit in the US District Court for the Eastern District of Pennsylvania.

In a statement, IMS Health said the complaint has no merit.

“After swallowing every other major US competitor by acquisition,” the 48-page complaint alleges, “IMS has engaged in an unlawful scheme to protect its monopoly.”

Among the tactics plaintiffs charge are entering into exclusive contracts with PBMs and other data suppliers that prevented Symphony from accessing long-term care and specialty drug data; revoking ImpactRx's access to certain data IMS compiled for all its clients after Symphony acquired ImpactRx; poaching Symphony employees; and acquiring data suppliers to eliminate competition.

IMS has engaged in these actions “systematically and repeatedly,” argued Frank Lavelle, CEO, Symphony Health Solutions. “We are more than willing to compete…but want it to be on a level playing field.”

IMS Health said, “We reject the claims raised in the complaint and will vigorously defend our position,” adding that it “knows that pharmaceutical companies and other customers have a broad range of choices.”

The only two viable competitors are Symphony and IMS, plaintiffs contend, and IMS has the larger share. Symphony has made strides, though. Private equity firm Symphony Technology Group has acquired five market research firms, four of which are included within Symphony Health Solutions: Source, ImpactRx, TargetRx and AlphaDetail.
Share this article:
You must be a registered member of MMM to post a comment.
close

Next Article in Features

Email Newsletters

MM&M Future Leaders


Register now

Early bird $1,950 before 31 October 2014

*Group discounts available on request 

MM&M EBOOK: PATIENT ACCESS

Patient access to pharmaceuticals is a tale of two worlds—affordability has improved for the majority, while the minority is hampered by cost, distribution and red tape. To provide marketers with a well-rounded perspective, MM&M presents this e-book chock full of key insights. Click here to access it.

More in Features

Read the complete October 2014 Digital Edition

Read the complete October 2014 Digital Edition

Click the above link to access the complete Digital Edition of the October 2014 issue of MM&M, with all text, charts and pictures.

Predicting your pink slip

Predicting your pink slip

Any time a firm needs to save money, high-salaried executives are targets