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Teva Embarks On New Phase With FTC Clearance Of Allergan Generics

 
• By Jessica Merrill

Teva said the deal will close the first week of August, after agreeing to sell assets related to 79 pharmaceutical products to gain FTC clearance.

The news Teva Pharmaceutical Industries Ltd. investors have been anticipating has come to pass: The Israeli pharmaceutical company’s $40.5bn acquisition of Allergan PLC’s generic drug unit was cleared by the Federal Trade Commission July 27.

Investors were anxiously waiting FTC’s blessing, and growing increasingly concerned about a potential hang up after Teva pushed back the...

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