FIAD Services

@FIADServices

FIAD Services is your one-stop consumer protection source. Our team specializes in the prevention of fraud, while assisting throughout the resolution process.

http://www.fiadservices.com/ftc-sets-conditions-on-cornings-intended-purchase-of-discovery-labware/ Corning Agrees to Supply C  ell Culture Assets and Technology to Sigma AldrichThe FTC will require Corning, Inc. to transfer assets and to supply some of   its laboratory products to another company, under a proposed settlement that resolves charges that Corning’s proposed   acquisition of Becton, Dickinson and Company’s Discovery Labware Division would otherwise be exploitative.Under the FT  C settlement, Corning will provide assets and assistance to enable life science company Sigma-Aldrich Co., LLC to manufacture   Corning’s line of tissue culture treated (TCT) dishes, multi-well plates, and flasks in a manner substantially similar   to Corning’s process.  Until Sigma Aldrich develops its own manufacturing capabilities for these products, Corni  ng will supply them to Sigma Aldrich to be marketed under Sigma Aldrich’s own brand, allowing Sigma Aldrich to immedia  tely replace the competition lost as a result of Corning’s acquisition of Discovery Labware.Corning, headquarte  red in Corning, New York, is a leading manufacturer of specialty glass, plastics, and ceramics for a variety of uses.  It  s Life Sciences division is a leading maker of plastic labware, including TCT cell culture multi-well plates, dishes, and flas  ks.  TCT cell culture plates are plastic containers that essentially are surfaces on which researchers grow cells.    They are used primarily by researchers at drug companies, bio-tech firms, and universities in their cell culture work.Discover  y Labware, Inc., is a division of Becton, Dickinson, and is based in Bedford, Massachusetts.  Becton, Dickinson is a glob  al medical technology company that supplies plastic labware through Discovery Labware, including TCT cell culture multi-well p  lates, dishes, and flasks.Under an agreement dated back in April 12, 2012, Corning proposed to acquire Becton, Dickinson  ’s Discovery Labware Division.  The FTC’s complaint alleges that the proposed acquisition would be antico  mpetitive and would violate the FTC Act and Section 7 of the Clayton Act in the U.S. markets for TCT multi-well plates, dishes  , and flasks used in cell culture applications.The FTC’s complaint alleges that the North American markets fo  r TCT cell culture products are highly concentrated.  Corning and Becton, Dickinson’s Discovery Labware Division   are the leading suppliers in each market.  Other suppliers, such as Thermo Fisher and Greiner Bio-One compete in each mar  ket, but no other suppliers are the size of Corning or the Discovery Labware Division.The complaint states that the acquisitio  n as proposed would eliminate the direct competition that currently exists between Corning and Becton, Dickinson’s Dis  covery Labware Division in the markets for TCT cell culture vessels.  In addition, by increasing Corning’s share   in each market the proposed deal would eliminate its most significant competitor, allowing it to raise prices for these import  ant labware products.The proposed consent order is designed to remedy the anticompetitive effects of the acquisition by requir  ing Corning to supply Sigma Aldrich with the products so that it can immediately begin selling TCT cell culture products.    At the same time, Corning will provide Sigma Aldrich with certain manufacturing assets and the necessary technical assi  stance to begin manufacturing TCT cell culture multi-well plates, flasks, and dishes in a manner similar to how Corning curren  tly makes them.According to the FTC, Sigma Aldrich, headquartered in St. Louis, Missouri, has an existing infrastructure for m  arketing and selling lab ware products, and is well-positioned to replace the competition lost in the market as a result of Co  rning’s acquisition of Becton, Dickinson.  Finally, under the proposed order, at any time after the consent agree  ment is signed, the FTC can appoint an interim monitor to oversee the supply of products and transfer of assets to Sigma Aldri  ch. 

Views 1

732 days ago

http://www.fiadservices.com/ftc-sets-conditions-on-cornings-intended-purchase-of-discovery-labware/ Corning Agrees to Supply C ell Culture Assets and Technology to Sigma AldrichThe FTC will require Corning, Inc. to transfer assets and to supply some of its laboratory products to another company, under a proposed settlement that resolves charges that Corning’s proposed acquisition of Becton, Dickinson and Company’s Discovery Labware Division would otherwise be exploitative.Under the FT C settlement, Corning will provide assets and assistance to enable life science company Sigma-Aldrich Co., LLC to manufacture Corning’s line of tissue culture treated (TCT) dishes, multi-well plates, and flasks in a manner substantially similar to Corning’s process.  Until Sigma Aldrich develops its own manufacturing capabilities for these products, Corni ng will supply them to Sigma Aldrich to be marketed under Sigma Aldrich’s own brand, allowing Sigma Aldrich to immedia tely replace the competition lost as a result of Corning’s acquisition of Discovery Labware.Corning, headquarte red in Corning, New York, is a leading manufacturer of specialty glass, plastics, and ceramics for a variety of uses.  It s Life Sciences division is a leading maker of plastic labware, including TCT cell culture multi-well plates, dishes, and flas ks.  TCT cell culture plates are plastic containers that essentially are surfaces on which researchers grow cells.  They are used primarily by researchers at drug companies, bio-tech firms, and universities in their cell culture work.Discover y Labware, Inc., is a division of Becton, Dickinson, and is based in Bedford, Massachusetts.  Becton, Dickinson is a glob al medical technology company that supplies plastic labware through Discovery Labware, including TCT cell culture multi-well p lates, dishes, and flasks.Under an agreement dated back in April 12, 2012, Corning proposed to acquire Becton, Dickinson ’s Discovery Labware Division.  The FTC’s complaint alleges that the proposed acquisition would be antico mpetitive and would violate the FTC Act and Section 7 of the Clayton Act in the U.S. markets for TCT multi-well plates, dishes , and flasks used in cell culture applications.The FTC’s complaint alleges that the North American markets fo r TCT cell culture products are highly concentrated.  Corning and Becton, Dickinson’s Discovery Labware Division are the leading suppliers in each market.  Other suppliers, such as Thermo Fisher and Greiner Bio-One compete in each mar ket, but no other suppliers are the size of Corning or the Discovery Labware Division.The complaint states that the acquisitio n as proposed would eliminate the direct competition that currently exists between Corning and Becton, Dickinson’s Dis covery Labware Division in the markets for TCT cell culture vessels.  In addition, by increasing Corning’s share in each market the proposed deal would eliminate its most significant competitor, allowing it to raise prices for these import ant labware products.The proposed consent order is designed to remedy the anticompetitive effects of the acquisition by requir ing Corning to supply Sigma Aldrich with the products so that it can immediately begin selling TCT cell culture products.   At the same time, Corning will provide Sigma Aldrich with certain manufacturing assets and the necessary technical assi stance to begin manufacturing TCT cell culture multi-well plates, flasks, and dishes in a manner similar to how Corning curren tly makes them.According to the FTC, Sigma Aldrich, headquartered in St. Louis, Missouri, has an existing infrastructure for m arketing and selling lab ware products, and is well-positioned to replace the competition lost in the market as a result of Co rning’s acquisition of Becton, Dickinson.  Finally, under the proposed order, at any time after the consent agree ment is signed, the FTC can appoint an interim monitor to oversee the supply of products and transfer of assets to Sigma Aldri ch. 

0 Comments

Realtime comments disabled