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Here below, you find the most recent and relevant competition and anti-trust news, blogs and journal publications over the last week.
Aug 24 (Reuters) - The U.S. Federal Trade Commission on Tuesday said it seeks to unwind life science company Illumina Inc's (ILMN.O) $7.1 billion acquisition of Grail Inc (GRAL.O), alleging it would harm innovation and boost prices.
FTC senior counsel Susan Musser said in her opening statement at a trial in Washington that cancer test-detection company Grail and its competitors rely on San Diego, California-based Illumina's DNA sequencing technology. She argued that Illumina's purchase of Grail would give the company the "incentive and ability to foreclose downstream rivals." Read more.
The Bundeskartellamt has imposed a fine totalling around 2 million euros on Fond Of GmbH, a company based in Cologne, on account of vertical price fixing. Fond Of specialises in the development and manufacture of school backpacks and school bags under the brand names “ergobag” and “Satch”. The company is accused of having restricted the pricing of school bags and school backpacks sold by retailers cooperating with the company. Read more.
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