HomeTop StoriesEU antitrust regulators raid a cardiovascular medical device company

EU antitrust regulators raid a cardiovascular medical device company

BRUSSELS (Reuters) – EU antitrust regulators raided a cardiovascular medical device company in an EU country on Tuesday over concerns the company may have abused its market power by violating the bloc’s antitrust rules.

“The European Commission is carrying out unannounced inspections of the premises of a company active in medical devices for cardiovascular applications,” the EU competition enforcer said in a statement.

“The Commission is concerned that the inspected company may have violated EU antitrust rules that prohibit abuse of a dominant market position,” the report said.

The EU executive, who acts as an antitrust watchdog in the 27-nation European Union, did not name the company or the EU country in line with its policies. Companies can face fines of up to 10% of their global turnover for breaching EU antitrust laws.

(Reporting by Foo Yun Chee)

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