EU exec raids suspected French biomedical cartel

BRUSSELS (Reuters) - The European Commission confirmed on Thursday it had raided the French premises of a business association and an enterprise both active on the biomedical analysis market, on suspicion of cartel activity.

The raids were carried out on Wednesday by Commission inspectors accompanied by officials at the French competition authority, it said. The parties were not identified.

“It (Commission) has reason to believe that the (EU legal) provisions … prohibiting cartels, restrictive business practices and/or abuse of a dominant position … have been infringed,” the European Union executive said in a statement.

The Commission is the 27-country EU’s antitrust watchdog and has powers to fine companies up to 10 percent of their global annual revenue for competition abuses.

There is no strict time limit for the Commission to complete its investigations of anti-competitive practices. Their duration depends on a number of factors, including the complexity of each case, the extent to which the undertakings concerned cooperate with the Commission and the exercise of the rights of defense.

(Reporting by Dale Hudson; editing by Mark John)

Source

--------------------------------------------------------------------------------------------
Related Posts:


By Huw Jones STRASBOURG, France (Reuters) - Pharmaceuticals in the European Union will be traceable from factory to pharmacy in a bid to crack down on the rise in counterfeit drugs, which are potentially lethal, the bloc’s executive said on Wednesday. EU Industry Commissioner Guenter Verheugen said the 27-nation bloc used to be a transit area for

Full Post: EU to trace pharmaceuticals in crackdown on fakes
--------------------------------------------------------------------------------------------

By Pascal Fletcher DAKAR (Reuters) - Several hundred African anti-AIDS campaigners paraded giant puppets of U.S. President-elect Barack Obama and French President Nicolas Sarkozy Tuesday to demand that they deliver promised funds for plans to fight the disease. Waving some banners reading “African children are watching you” and others supporting AIDS victims, the demonstrators, most of them

Full Post: World leaders urged to keep promises to fight AIDS
--------------------------------------------------------------------------------------------

BRUSSELS (Reuters) - Millions of youngsters across Europe could suffer permanent hearing loss after five years if they listen to MP3 players at too high a volume for more than five hours a week, EU scientists warned Monday. The scientists’ study, requested by the European Commission, attacked the concept of “leisure noise,” saying children and teenagers

Full Post: EU warns youth: turn your MP3 players down!
--------------------------------------------------------------------------------------------

WASHINGTON (Reuters) - U.S. regulators need to improve lax oversight of the financial conflicts of doctors who test medicines before they are approved for sale, a government watchdog report said on Monday. The Food and Drug Administration lacks a complete list of doctors conducting research on new medicines and cannot determine which companies have submitted financial

Full Post: Watchdog finds lax U.S. oversight of doctor conflicts
--------------------------------------------------------------------------------------------

TOKYO (Reuters) - A study group for Japan’s top safety watchdog said cloned animals are safe for food, the first step in a series of decisions needed before the watchdog makes recommendations to the government. With several meetings pending by a higher-level committee of experts, it will take months before the Food Safety Commission reports its

Full Post: Japan study group says cloned animals safe for food

Site Navigation

Most Read

Search