Mead Johnson, Biostime settle with China over baby formula probe

By Martinne Geller and Anne Marie Roantree NEW YORK/HONG KONG (Reuters) - Mead Johnson Nutrition Co and Hong Kong-listed Biostime International Holdings said they would pay fines in relation to a Chinese probe into possible price fixing and anti-competitive practices by foreign baby formula makers. The fines are the first to be publicly announced in the wake of the antitrust review by the National Development and Reform Commission (NDRC) and coincide with separate pricing investigations into the pharmaceutical sector as well as gold trading. ...



via Health News Headlines - Yahoo! News http://news.yahoo.com/mead-johnson-biostime-settle-china-over-baby-formula-003028934.html