The FTC Wants to Block the $28 Billion Amgen-Horizon Therapeutics Deal
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Big Pharma needs an antitrust antidote.
The Federal Trade Commission and its hard-nosed chair Lina Khan have struck again, this time filing a lawsuit in federal court on Tuesday to halt biotech giant Amgen's $28 billion blockbuster acquisition of Horizon Therapeutics. Consider it a black box warning for the industry's M business model in a newer, tougher antitrust world.
Source Fool.com
Amgen Inc. Stock
€306.90
-0.100%
With 25 Buy predictions and not a single Sell prediction Amgen Inc. is an absolute favorite of our community.
However, we have a potential of -0.94% for Amgen Inc. as the target price of 304 € is below the current price of 306.9 €.
