Pharma Cos. Can Expect Harsh Antitrust Scrutiny From Biden
Law360 (April 28, 2021, 5:28 PM EDT) -- As he reaches his 100th day in office, President Joe Biden has thus far made good on his campaign promise to intensify antitrust scrutiny in the pharmaceutical sector.
Prior to his inauguration, Biden had pledged to direct federal antitrust enforcers to prioritize their focus on the pharmaceutical industry, including a call for a retrospective of all mergers during the Trump administration for evidence of increased market concentration, higher consumer prices and anticompetitive conduct.
Recently, the Federal Trade Commission announced the formation of an international working group to study the competitive effects of pharmaceutical mergers and to coordinate prospective merger analysis....
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