FTC puts conditions on Lupin and Hikma acquisitions
The US Federal Trade Commission was seen to flex its muscles on Friday, as it imposed conditions on two proposed M&A deals.
Indian generic drug manufacturer Lupin (BSE: 5002571) and GAVIS Pharmaceuticals will sell the rights and assets for two generic drugs, one used to treat bacterial infections and the other to for ulcerative colitis, in order to settle FTC charges that Lupin’s planned $850 acquisition of USA-based GAVIS would likely be anticompetitive (hr Pharma Letter July 23, 2015).
The proposed consent order preserves competition by requiring the companies to divest these products to the New Jersey, USA-based generic pharmaceutical company G&W Laboratories.
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