FTC settles with Amgen over $27.8 billion takeover of Horizon Therapeutics

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FTC settles with Amgen over $27.8 billion takeover of Horizon Therapeutics
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The Federal Trade Commission reached a deal with Amgen Inc. to approve its $27.8 billion acquisition of Horizon Therapeutics plc, the agency announced...

The Federal Trade Commission reached a deal with Amgen Inc. AMGN, -0.60% to approve its $27.8 billion acquisition of Horizon Therapeutics plc, HZNP, -0.07% the agency announced Friday.

Under the deal. Amgen will be barred from bundling existing products with Horizon’s Tepezza or Krystexxa, two drugs used to treat thyroid eye disease and chronic refractory gout, respectively.As part of the deal, attorneys general for California, Illinois, Minnesota, New York, Washington, and Wisconsin have also agreed to dismiss their federal suits seeking to block the merger.

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