We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Antitrust Watchdog Forces Drug Divestitures

Law360 (January 19, 2007, 12:00 AM EST) -- To maintain competition in the generic injectable drug market, the U.S. Federal Trade Commission said Thursday that Hospira Inc. has to sell five drugs to acquire rival drug maker Mayne Pharma Ltd.

The FTC said that without the divestiture, the $2 billion deal would violate U.S. competition laws.

“Just as with generic oral pharmaceutical products, consumers benefit from robust competition in the markets for generic injectable drugs,” said Jeffrey Schmidt, director of the FTC’s Bureau of Competition. “The order requiring the divestiture of the five drugs...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.