Roche/Spark Acquisition: First Gene Therapy Deal Clears FTC With No Divestiture

FTC found Roche would not have incentive to delay or discontinue development of Spark's gene therapy for hemophilia A. Outcome shows deals can survive closer FTC scrutiny.

WASHINGTON, DC - SEPTEMBER 28, 2013: Federal Trade Commission Building in Washington, DC.
FTC finds no antiturst issues in Roche's proposed acquisition of Spark Therapeutics

While the US Federal Trade Commission appears to be giving greater scrutiny to biopharma mergers, its clearance of Roche's acquisition of Spark Therapeutics Inc. shows that it remains focused on whether a transaction will harm competition. The outcome provides assurance that deals will go through if parties can demonstrate they can accommodate overlaps between existing and pipeline products.

The FTC announced on 16 December that it had closed its investigation of the Roche-Spark proposed deal following an "exhaustive, 10-month investigation" by its staff. The commission said a key...

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