Medtronic's China unit fined 118.5m yuan for price fixing
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Beijing
A CHINESE regulator has fined a local unit of US-listed medical device firm Medtronic PLC 118.5 million yuan (S$24.4 million) for price fixing, the National Development and Reform Commission (NDRC) said in a statement on Wednesday.
The state planner said it had fined Medtronic (Shanghai) Management Co following an investigation into monopolistic behaviour related to the firm's cardiovascular and diabetes medical device products.
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