Consumer groups, unions urge caution on $63 billion AbbVie deal for Allergan [Reuters]
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Source: Reuters
Consumer groups, unions urge caution on $63 billion AbbVie deal for Allergan - Reuters 3 Min Read WASHINGTON (Reuters) - About a dozen advocacy groups and unions, including Public Citizen and the American Federation of Teachers, wrote the Federal Trade Commission on Thursday urging it to consider blocking drugmaker AbbVie Inc’s ( ABBV.N ) planned $63 billion purchase of Botox maker Allergan Plc ( AGN.N ). The combination of two of the world’s biggest pharmaceutical companies, which was announced in June, would feature a portfolio that includes the world’s top-selling medicine - AbbVie’s rheumatoid arthritis drug Humira - as well as its cancer drugs and Allergan’s blockbuster wrinkle treatment, Botox, and big-selling dry eye drug Restasis. In the letter seen by Reuters, Consumer Action and others, working with the Service Employees International Union (SEIU) and American Federation of State, County, & Municipal Employees (AFSCME), noted the deal would create the fourth largest phar
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