Mexico’s Federal Commission for Economic Competition (COFECE) has announced the start of an probe into an alleged case of widespread collusion among clinical analysis laboratories, which recently won supply contracts with the country’s Mexican Social Security Institute.
“Derived from the information provided by the accuser in the indicated files, the Federal Commission for Economic Competition has come to know of facts that may have resulted in absolute monopolistic practices being performed.” said the COFECE’s statement.
Through social media, the competition watchdog shared audio recordings, where representatives of several laboratories participating in a recent ‘mega-auction’ for IMSS contracts worth 10.5 billion pesos (600 million dollars approx) seem to be heard dividing up regions and discussing prices.
Full Content: Yancuic
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
European Music Streaming Firms Rally Against Apple’s Proposed Remedies
May 9, 2024 by
CPI
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI