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“Rampant consolidation during the pharmaceutical business has presented strong providers a go to exorbitantly hike prescription drug costs,” said Holly Vedova, director with the FTC’s Levels of competition bureau.
The value of the rebates that Amgen can supply on its substantial-volume medicines as part of its cross-market place bundles may perhaps help it become tough, if not extremely hard, for smaller sized rivals that are producing drugs to compete towards Tepezza and Krystexxa to match the level of rebates that Amgen would have the ability to give.
The pipeline includes medications focusing on exceptional inflammatory and autoimmune health conditions together with Horizon’s blockbuster remedy for thyroid eye illness, Tepezza.
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When saying the transaction past calendar year, Amgen had explained that Horizon’s pipeline of medicines would “strongly enhance” its R&D portfolio.
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FTC warns of ‘rampant’ pharma consolidation because it targets $28bn Amgen deal on Fb (opens in a whole new window)
By substituting Amgen, with its portfolio of blockbuster prescription drugs and important contracting leverage, for Horizon, the FTC stated the offer could provide the merged company the ability and incentive to entrench Tepezza’s and Krystexxa’s monopolies through its multi-product contracting methods.
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