EU and US to zoom in on pharmaceutical industry mergers

Following coronavirus bottleneck issues, the EU has teamed up with the US and the UK to keep an eye on consolidation in the pharmaceutical industry.

Photo: POOL/REUTERS / X80003

Fear of unreasonably elevated medicine prices and inefficient drug discovery research now leads EU, US and UK authorities to zoom in on the pharmaceutical industry and its mergers.

The US Federal Trade Commission (FTC) has initiated this collaboration, which also includes Canadian authorities.

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