Nov 7 (Reuters) - Australian Competition and Consumer

Commission:

* BLACKSTONE'S PROPOSED ACQUISITION OF I'ROM RAISES CONCERNS

* OUTLINED PRELIMINARY COMPETITION CONCERNS WITH PROPOSED

ACQUISITION OF I'ROM GROUP CO BY BLACKSTONE

* ACCC IS CONCERNED THAT THE PROPOSED ACQUISITION IS LIKELY

TO

RESULT IN LOWER SERVICE QUALITY AND HIGHER PRICES FOR CUSTOMERS

* CONCERNED PROPOSED ACQUISITION WOULD BE LIKELY TO HAVE

EFFECT OF

SUBSTANTIALLY LESSENING COMPETITION IN SUPPLY OF PHASE 1

CLINICAL TRIALS

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