UPDATE 1-Roche's $4.3 bln Spark bid delayed again amid U.S., UK scrutiny [Reuters]
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Source: Reuters
Roche's $4.3 billion Spark bid delayed again amid U.S., UK scrutiny - Reuters 2 Min Read ZURICH (Reuters) - Swiss drugmaker Roche’s $4.3 billion takeover of U.S. gene therapy specialist Spark Therapeutics has been pushed back again, possibly beyond the first half, as regulators continue to scrutinize the deal for its effect on competition. Roche said on Monday that both companies received a request for more information from the U.S. Federal Trade Commission in connection with the FTC’s review of the deal, sending Spark shares down nearly 15% at $93 in premarket trading on Monday. Roche also said that the UK Competition and Markets Authority (CMA) has opened an investigation. Roche wants to buy Spark to, among other things, get a hold of U.S. firm’s experimental gene therapy for hemophilia A as well as its platform to develop other treatments for genetic diseases. But Roche has been forced to push back completion repeatedly, this time giving itself to July 31, beyond its self-imposed f
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