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US: Senate antitrust chief Klobuchar to examine contact lens market

By  |  July 29, 2014

US Senator Amy Klobuchar (D-MN) and Mike Lee (R-UT) are reportedly holding a hearing this week on the contact lens industry to examine pricing and the state of competition.

Klobuchar, the chairman of the Judiciary Antitrust Subcommittee, and Lee, a ranking member of the committee, have planned a hearing for Wednesday after an inquiry revealed that lens manufacturers are implementing unilateral price policies, which are rules that require retailers to sell lenses at a set price.

Reports say the hearing will examine whether these policies are anticompetitive.

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