Idexx Laboratories, Inc.
IDXX and the staff of the Bureau of Competition of the U.S. Federal
Trade Commission ("FTC") have signed a Consent Agreement to resolve the FTC's
investigation into whether the Company engaged in unfair methods of
competition.
Under the Consent Agreement, IDEXX cannot have exclusive distribution
agreements with all three of MWI Veterinary Supply, Inc. ("MWI"), Butler
Schein Animal Health, and Webster Veterinary. IDEXX may maintain exclusive
distribution agreements with two of these three distributors. IDEXX's
non-exclusive agreement with MWI, effective January 1, 2013, brings the
Company into compliance with the terms of the Consent Agreement.
The Consent Agreement expressly states that the Company admits no wrongdoing.
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