Shares of Horizon Therapeutics Inc. plunged 15% in extended trading Monday after Bloomberg News reported the FTC is expected to file a lawsuit to block Amgen...
Shares of Horizon Therapeutics PLC plunged 15% in extended trading Monday after Bloomberg News reported the FTC is expected to file a lawsuit to block Amgen Inc.’s $27.8 billion acquisition of Horizon.
The Federal Trade Commission will argue the deal would harm competition for drug development, according to Bloomberg, which added both companies are developing treatments for eczema and lupus. Amgen... Shares of Horizon Therapeutics PLC plunged 15% in extended trading Monday after Bloomberg News reported the FTC is expected to file a lawsuit to block Amgen Inc.’s $27.8 billion acquisition of Horizon.
The Federal Trade Commission will argue the deal would harm competition for drug development, according to Bloomberg, which added both companies are developing treatments for eczema and lupus.Amgen announced the deal to buy Dublin-based Horizon in December. In February, the California-based biotech giant kicked off a jumbo bond deal to help finance the acquisition.
Horizon shares HZNP have fallen about 1% year to date, but are up 24% over the past 12 months, while Amgen stock AMGN is down 11% in 2023 and down about 4% over the past year.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Robocall company behind 'billions' of illegal calls sued by FTCXCast Labs, a company accused of helping make billions of illegal robocalls, was sued on Friday by the U.S. Federal Trade Commission, which asked the court to order the company to stop the practice.
Consulte Mais informação »
'Mars Horizon 2' game is getting a real scientist to help with realismThe team behind the highly anticipated 'Mars Horizon 2' game has recruited a real planetary scientist to ensure the game is as realistic as reasonably practicable.
Consulte Mais informação »
Deadline to Claim Your Share of AT&T Slow Data Speed Settlement Nears: What to KnowTime is running out to claim your share of AT&T’s $60 million “data-throttling” settlement. Those eligible have until Thursday, May 18, to file a claim. AT&T already refunded $52 million to current and former customers, but couldn’t reach all those owed, according to the Federal Trade Commission (FTC). The FTC is now tasked with disseminating the remaining $7 million or…
Consulte Mais informação »
Plano’s Parker Coody shares special moment with grandfather after making 1st PGA Tour cutThe AT&T Byron Nelson has a special significance for the Coody family. In 1964, Charles Coody won the tournament when it was known as the Dallas Open...
Consulte Mais informação »
Jessica Chastain shares what went through her mind when she won her 1st OscarAt the 2022 Oscars, Chastain took home the award for best actress for her role as televangelist Tammy Faye Bakker in 'The Eyes of Tammy Faye.”
Consulte Mais informação »
Jenna Bush Hager shares Christmas memories of late grandmother Barbara Bush'She stockpiled a lot for her great-grandchildren. I just imagine her wildly needlepointing. And so even though Hal was born after she passed away, he is always going to have a part of her.' ❤️
Consulte Mais informação »