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Amgen’s FTC Settlement To Allow $27.8bn Horizon Deal Closure Sets New M&A Precedent

Transaction Expected To Conclude Early In Q4

 
• By Mandy Jackson

Amgen agreed not to include Horizon’s Tepezza and Krystexxa in rebate bundling deals with payers, among other terms, so the FTC would clear the companies’ merger, giving pharma firms a new consideration in future dealmaking.

Amgen headquarters in Thousand Oaks
Amgen expects to close its Horizon purchase in the near term • Source: Shutterstock

Amgen, Inc. entered into a nationwide settlement with the US Federal Trade Commission and six states that sought to block the company’s $27.8bn acquisition of Horizon Therapeutics plc, clearing the way for the two entities to close their transaction early in the fourth quarter of this year and giving big pharma buyers a new set of considerations to address when assessing potentials mergers and acquisitions.

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