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FTC Vote On BMS-Celgene Acquisition Splits Over Drug Pricing

Executive Summary

Divesting Celgene's psoriasis drug Otezla will remedy anticompetitive harm from acquisition, US Federal Trade Commission votes 3-2. Dissenting Democrat commissioners want broader review of pharma mergers.

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In Merger Plot Twist, BMS Needs A Buyer For Celgene's Otezla, Raising New Questions

Bristol-Myers will have to divest Celgene's blockbuster psoriasis pill to address concerns raised by the US FTC related to the merger. The news raised questions about whether FTC is giving more scrutiny to pipeline overlap.

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