May 6, 2020 - Health
FTC blesses AbbVie's $63 billion takeover of Allergan
The Federal Trade Commission has signed off on AbbVie's $63 billion acquisition of Allergan, but antitrust regulators said the companies must divest three drugs — two of which will be sold to Nestlé — that would have consolidated too much power under one roof.
The bottom line: This was a contentious decision among the FTC commissioners. But now AbbVie — which makes the world's best-selling drug, Humira, and has been accused of playing games as the autoimmune drug's patent lapses — is significantly expanding by acquiring the maker of Botox.