Despite Disinformation Attempt, Antitrust Case Against IQVIA Moves Forward and Report of FTC Investigation of IQVIA Comes to Light
IQVIA continues unethical tactics to divert attention from industry-wide issue: IQVIA monopoly abuse harms life sciences companies and patients
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PLEASANTON, Calif., May 11, 2021 /PRNewswire/ Consistent with its history of deceptive and unethical behavior, IQVIA (NYSE: IQV) yesterday issued a press release that mischaracterizes the nature of a recent procedural e-discovery ruling in Veeva Systems (NYSE: VEEV) antitrust case against IQVIA.
The release is another IQVIA attempt to divert attention from the core issue IQVIA s unlawful tactics to retain monopoly control of data crucial to the life sciences industry and use that position to extend its monopoly into the software market.
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As society increasingly expects corporations, large and small, to generate positive social impact alongside profits, many entrepreneurs and executives are incorporating their companies as, or converting to, Public Benefit Corporations (“PBCs”). As discussed in our articles for
VC Experts “Can I Raise Venture Capital as a PBC?” and “What are My Exit Options as a PBC?” a PBC is a legal corporate form created by the state of Delaware in 2013 that, among other things, codifies a company’s social mission. Most significantly, a PBC allows a board of directors to make business decisions based not just on the economic interest of the corporation’s shareholders (as required by the traditional C-Corporation corporate form), but based also on the PBC’s mission, which may focus on the interests of those materially affected by the corporation’s conduct, including employees, customers, communiti
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