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Business Wars Daily

What Does Amgen’s FTC Settlement Mean for Its Rival?

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 13 September 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today is Wednesday, September 13, and we're looking at Amgen vs. Pfizer.

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Transcript

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0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

How do I cope with waiting for results?

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It's all I can think about.

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Is the cancer going to come back?

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I can't sleep.

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How do I stop worrying?

0:19.5

We know what goes through your head when you're living with

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cancer. The questions, the anxieties. We understand because we've been there too. If you or

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someone you care about has been diagnosed with cancer, McMillan Cancer supports online community

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can help from day one. It's a free, safe, online forum for people with cancer to connect anonymously.

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No question is too big or too small. With over 80,000 members, we get it. We've been there.

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Whatever you need to ask, we're here. To join, search McMillan online community.

1:04.0

Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this Wednesday, September 13th.

1:09.3

A big move by the Federal Trade Commission could

1:11.8

affect a slew of pending buyouts in the pharmaceutical space. Last week, the FTC cleared drug

1:17.6

giant Amgen to move forward with its acquisition of Horizon Therapeutics. It's a deal expected

1:23.4

to be worth $27.8 billion. The idea of Amgen acquiring Horizon Therapeutics has been on

1:30.0

the table since last December. Amgen had its site set on Horizon's rare disease assets, including

1:35.7

the thyroid eye disease drug to Pezza, according to CNBC. But in May, the deal was put on hold

1:42.3

after the FTC filed suit, claiming the acquisition could stifle competition in the drug industry.

1:48.4

It was the FTC's first legal challenge to a pharmaceutical buyout in 14 years.

...

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