Japan Fair Trade Council of the Medical Devices Industry issues warning against Zeon Medical
On August 26, Zeon Medical Inc. (Zeon Medical), a wholly owned subsidiary of Zeon Corporation (Zeon), received a stern warning
from the Japan Fair Trade Council of the Medical Devices Industry (Fair Trade Council). The action was taken on the grounds that money and other compensation paid to medical professionals, which Zeon Medical reported as outsourcing fees for post marketing surveillance and other purposes, constituted the provision of premiums as a means of unjustifiably inducing transactions in medical devices under Article 3 of the Fair Competition Code concerning Restriction on Premium Offers in the Medical Devices Industry (Fair Competition Code) and therefore violated the Fair Competition Code.