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This article was originally published in The Tan Sheet

Executive Summary

FTC votes 5-0 Jan. 26 to make final its consent order approving merger of Glaxo Wellcome and SmithKline Beecham. Commission also votes 5-0 to close its investigation into the effects merger would have on the smoking cessation market; combined company will market Rx drug Zyban (bupropion) and OTC Nicoderm CQ transdermal patch and Nicorette gum. In a Jan. 23 letter to each firm's counsel, FTC notes closure of the smoking cessation investigation "should not be construed as a determination that a violation may not have occurred...The commission reserves the right to take such further action as the public interest may require"

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