The U.S. Federal Trade Commission has allowed drugmaker Amgen Inc to move ahead with its $27.8 billion deal to buy Horizon Therapeutics HZNP.O, the companies said on Friday, dropping its earlier objections to the deal.
to move ahead with its $27.8 billion deal to buy Horizon Therapeutics , the companies said on Friday, dropping its earlier objections to the deal.
The Thousand Oaks, California-based company announced plans to buy Horizon in December last year. However, the FTC filed a lawsuit on May 16 aimed at stopping the transaction in a rare move to block a large pharmaceutical deal. Under the settlement, Amgen is prohibited from bundling any of its products with Tepezza or Krystexxa. Amgen also cannot use any product rebate or contract term to exclude or disadvantage any product that would compete with those drugs.
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