Horizon Pharma, Opiant fall amid Elizabeth Warren concern about pharma deals [Seeking Alpha]
Opiant Pharmaceuticals, Inc. (OPNT)
Last opiant pharmaceuticals, inc. earnings: 3/4 04:05 pm
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Source: Seeking Alpha
Horizon Pharma, Opiant fall amid Elizabeth Warren concern about pharma dealsJan. 26, 2023 2:45 PM ETHorizon Therapeutics Public Limited Company (HZNP)AMGNOPNTINVVYBy:Joshua FinemanSA News Editor6 CommentsJHVEPhoto/iStock Editorial via Getty ImagesHorizon Pharmaceuticals (NASDAQ:dropped 1.9%) and Indivior's plan to buy Opiant Pharmaceuticals (). Opiantfell 2.6%."Given these companies' records of anti-competitive business practices, these acquisitions could cause further price increases on lifesaving drugs and prevent affordable alternatives from entering the market," Warren wrotein a letter"Both Amgen and Horizon have engaged in brazen price increases on drugs that face little or no competition,25 26 while Amgen has abused the patent process, creating patent thickets to evergreen their products, prevent generic competition, and maintain market dominance," Warren wrote in the letter.Warren specifically highlighted Amgen's "most egregious price hike" on its drug Enbrel.Amgen agreed to bu
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