AstraZeneca s mammoth Alexion takeover probed for competition concerns pressandjournal.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressandjournal.co.uk Daily Mail and Mail on Sunday newspapers.
Competition watchdog to probe Covid-19 vaccine maker AstraZeneca over £27.5bn US drug deal
Astrazeneca also makes a Covid-19 vaccine (Photo by Mario Tama/Getty Images)
The UK’s Competition and Markets Authority (CMA) will probe Covid-19 vaccine maker AstraZeneca over its £27.5bn mega deal to buy a US drug company.
The CMA said it was looking into whether Cambridge-based AstraZeneca’s purchase of Alexion Pharmaceuticals could harm competition in the UK.
The CMA has set a deadline of 3 June for responses for its so-called phase one investigation.
AstraZeneca agreed to buy Boston-based Alexion in December, marking the drug giant’s biggest acquisition and a move to boost its expertise in immunology and rare diseases.
The Competition and Markets Authority has launched an investigation into Astrazeneca s $39billion (£27.5billion) deal to buy US rare diseases specialist Alexion Pharmaceuticals.
The watchdog is concerned that the mammoth takeover - the biggest ever by Astrazeneca - could harm competition in the UK or elsewhere, and is inviting comments from any interested parties up until 3 June.
The drugs giant and Covid vaccine maker, which agreed to take over Boston-based Alexion in December last year, seemed confident that the CMA will clear the deal.
Probe: The CMA is concerned Astrazeneca s takeover of Alexion could harm competition The commencement of the UK CMA s formal review is another important step towards closing of the proposed acquisition, which we continue to expect will be in the third quarter of 2021, a spokesperson said.
CMA launches probe into Astrazeneca s £27 5bn deal to buy Alexion thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.
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