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Australia ACCC: ResMed Accepts Undertaking On Retail Price Maintenance

SYDNEY -(Dow Jones)- Sleep disorder device company ResMed Inc. (RMD.AU) has agreed to revise its internal fair-trading checks following an investigation of price-fixing by Australia's competition regulator. The Australian Competition and Consumer Commission said Tuesday it had investigated the company over whether it was telling accredited retailers that it would stop supplying its products if they sold them at less than a price specified by ResMed, a practice known as retail price maintenance. "The ACCC is concerned that between March and June 2009 ResMed is likely to have engaged in retail price maintenance," the ACCC said in a statement. ResMed has accepted a court-enforceable undertaking to write to its accredited retailers telling them they are free to set their own prices, and to amend its compliance program for Australian trade practices law, the ACCC said. ResMed did not immediately respond to a call for comment. -By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com

Stock News for Resmed (RMD)
DateTimeHeadline
11/01/201609:05:00ResMed Launches AirView Action Groups, the Ultimate Time-saver...
11/01/201609:05:00ResMed Launches AirView Action Groups, the Ultimate Time-saver...
11/01/201609:05:00ResMed Launches AirView Action Groups, the Ultimate Time-saver...
11/01/201609:00:00ResMed Introduces AirFit™ N20 and AirFit F20 CPAP Masks: A N...
11/01/201609:00:00ResMed Introduces AirFit™ N20 and AirFit F20 CPAP Masks: A N...
10/25/201616:05:00ResMed Inc. Announces Results for the First Quarter of Fiscal...
10/25/201609:00:00Results from World's Largest Study on Sleep Apnea and Digital...
10/25/201609:00:00Results from World's Largest Study on Sleep Apnea and Digital...
10/24/201606:15:00How Technology is Tackling the World's Greatest Healthcare Challenges...
10/18/201609:00:00National Sleep Survey Launch on "The Dr. Oz Show" to Determine...
10/14/201609:00:00Frost & Sullivan Awards ResMed for Developing S+ Advanced Sleep...
10/14/201609:00:00Frost & Sullivan Awards ResMed for Developing S+ Advanced Sleep...
09/27/201616:05:00ResMed to Announce First Quarter Fiscal Year 2017 Results
09/06/201608:51:00New Study Shows Using Non-Invasive Ventilation Therapy to Treat...
09/06/201601:00:00ResMed Expands COPD Offering as New Data Reveals Benefits of...
09/06/201601:00:00ResMed erweitert COPD-Angebot: Neue Daten zeigen Vorteile einer...
09/06/201601:00:00ResMed élargit son offre de traitement de la BPCO, alors que...
08/17/201617:17:00ResMed Takes Fisher & Paykel to Court over Patents
08/17/201617:10:00ResMed Takes Fisher & Paykel to Court over Patents
08/17/201617:10:00ResMed Takes Fisher & Paykel to Court over Patents

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