US regulator, Amgen reach deal to unblock biopharma acquisition

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The US Federal Trade Commission (FTC) announced an agreement on Friday allowing American drug manufacturer Amgen to proceed with its $28 billion takeover of Horizon Therapeutics.

The agreement addresses"potential competitive harm" posed by the takeover and will be subject to a 30-day comment period, the FTC said in aUnder the deal,"Amgen will be prohibited from leveraging its drug portfolio to disadvantage rivals and will be required to seek prior approval before acquiring related products," the FTC said.

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