Trending: FTC Sues to Block Amgen's Acquisition of Horizon
May 16 2023 - 1:58PM
Dow Jones News
14:26 ET -- Amgen is one of the most mentioned companies in the
U.S. across all news items in the last 12 hours, according to
Factiva data. The U.S. Federal Trade Commission filed a lawsuit in
federal court seeking an injunction that would prevent Amgen's
$27.8 billion acquisition of Horizon Therapeutics from closing. The
FTC said the deal would allow Amgen to "entrench the monopoly
positions" of Horizon's eye and gout drugs. Amgen said it is
disappointed in the FTC's decision, but doesn't believe a merger
presents competitive issues and will still work to close the deal
by mid-December. (jennifer.tershak@wsj.com)
(END) Dow Jones Newswires
May 16, 2023 14:43 ET (18:43 GMT)
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