UK watchdog says Cochlear's Oticon Medical deal could harm market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

Britain's Competition and Markets Authority said on Thursday that Australian hearing device maker Cochlear's purchase of Demant's hearing implants business could hurt competition and mean higher prices for the National Health Service.

Demant said that irrespective of the outcome of ongoing investigations by competition authorities, it remained committed to its decision to "discontinue" its Oticon Medical as it had already concluded it had no prospect of becoming a global leader in hearing implants within a reasonable timeframe.

The deal is also under investigation by the European Union and Australian antitrust regulators, and is pending clearance under French Foreign Direct Investment rules. The CMA has set a June 5 deadline for its in-depth probe of the deal, which Cochlear said was no longer expected to close before June 30.

The regulator said the combined entity would leave only a single supplier of passive bone conductive solution products in Britain and would dominate the supply of BCS products in the country, with a share well above 90%.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 2. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Alabama Medical Cannabis Commission deems 90 applicants for medical cannabis business licenseSelect businesses in Alabama are now one step closer to potentially receiving a medical cannabis business license.
Herkunft: FOX10News - 🏆 581. / 51 Weiterlesen »