US FTC seeks additional info on Pfizer’s proposed takeover of Seagen

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The antitrust agency sent the requests separately to both the companies, a regulatory filing said.

Pfizer struck a $43 billion deal in March to acquire Seagen and its targeted cancer therapies, to counter the fall in COVID-related sales and generic competition for some top-selling drugs.

The recent scrutiny by the antitrust agency to block Amgen (NASDAQ:AMGN)’s $27.8 billion deal to buy Horizon Therapeutics (NASDAQ:HZNP) has made investors jittery around the Pfizer-Seagen deal as well.

Seagan continues to expect its merger with Pfizer will be completed in late 2023 or early 2024, it said in the filing.