Investigation | Closed Following Commitments
Investigation into Cordlife Group Limited
17 June 2015
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In June 2014, CCS commenced an investigation on Cordlife Group Limited (“Cordlife”) in relation to its exclusive agreements with baby fair organisers and hospitals that potentially have the effect of limiting competition from other providers of cord blood bank services in Singapore.
Cordlife has since provided CCS with voluntary commitments to remove the existing exclusive arrangements that were the subject of the investigation, and to ensure that it does not have such exclusive arrangements with any baby fair or private maternity hospital in Singapore going forward.
Having reviewed the facts and circumstances of the case and on the basis of the commitments, CCS has ceased this investigation on Cordlife’s exclusive arrangements with baby fair organisers and hospitals. CCS will, however, continue to closely monitor market practices in the cord blood bank industry. CCS reserves the right to reopen investigation should Cordlife breach any of its commitments.