Johnson & Johnson subsidiary wants off monopolist list
MOSCOW, August 20 - RAPSI. The Moscow Commercial Court will review on September 24 a Johnson & Johnson (J&J) subsidiary's lawsuit against the antitrust watchdogs order to include the company on its monopolist list, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).
Under the watchdog's April 16 order, Cilag GmbH International was placed on the list of companies having an over 50 percent market share. In the watchdog's view, the company holds more than 50 percent of the market for one-touch test strip blood glucose monitoring systems.
The parent company will act as a co-defendant in the case.
At the preliminary hearing on Monday, the court turned down the plaintiff and the defendant's motions to postpone the hearing until October. The parties have declined to comment.
Established in 1886, J&J comprises 230 companies operating in over 175 countries. Its Russian subsidiary has been operating since 1992 and is engaged in medical equipment and diagnostic instrument production, pharmaceutical development and production, and consumer and hygienic goods and contact lenses manufacturing.