Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

The Ftc Eyeballs Laser Surgery


In Business This Week

THE FTC EYEBALLS LASER SURGERY

LASER SURGERY TO CORRECT NEARSIGHTEDNESS has the Federal Trade Commission seeing red. On Mar. 24, in an administrative complaint, the FTC charged that Summit Technology and VISX used a price-fixing scheme to overcharge consumers by $30 million in 1997. The companies are the only ones approved by the FDA to provide the lasers used in the procedure. But instead of competing, the FTC says, they formed a partnership to share patents and doctors' licensing fees. As a result, the FTC says they have been reaping monopoly profits. Both companies deny the allegations. They are also suing each other over strains in the partnership, which the FTC wants to dissolve.EDITED BY KELLEY HOLLAND


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus