J&J Fined With Rivals in China Lens Price-Fixing Case
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Johnson & Johnson, the world’s biggest health-care products maker, and Bausch & Lomb Inc. were among firms fined a combined 19.6 million yuan ($3 million) for price fixing in the country’s contact lens and eye-glass market.
The companies’ contact lens units and the eye-glass lens businesses of Essilor International SA, Nikon Corp., as well as Carl Zeiss Vision Guangzhou were investigated for pricing in some areas, China’s National Development and Reform Commission said in a statement on its website yesterday.