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Congressmen urge DOJ to scrutinize Bristol-Myers Squibb – Celgene tie-up

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January 21, 2019

U.S. Representatives Peter Welch and Francis Rooney have sent a letter to the Federal Trade Commission and the Department of Justice urging a “careful examination” of Bristol-Myers Squibb’s $74B takeout of Celgene.

The lawmakers cite the potential negative impact on competition and drug prices as the reasons for their suggested scrutiny.

Date: January 21, 2019

Source: Investor Village

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