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Chicago Local News — Elizabeth Warren asks FTC to scrutinize Horizon, Amgen merger that we obtained from news agencies. opinions and stunning details about the Elizabeth Warren asks FTC to scrutinize Horizon, Amgen merger that you have never heard before.
Elizabeth Warren asks FTC to scrutinize Horizon, Amgen merger
“The Federal Trade Commission (FTC) should carefully scrutinize these deals and oppose any Big Pharma acquisition that will threaten competition, reduce innovation or increase costs for American families,” Warren writes. “The companies have shown time and time again that they would rather squash competition and hike prices than deliver for U.S. patients.”
Warren claims in the letter that both Amgen and Horizon have instituted “brazen” price hikes on drugs that face little or no competition. According to the letter, Horizon’s Raviciti, a drug for urea cycle disorders, costs nearly $700,000 annually after going through price increases since Horizon acquired the drug in 2015. Additionally, Horizon’s Tepezza, a medication to treat…
