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Pfizer deal: GSK offers concessions to address EU concerns

cde.news desk · 1 min read
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epa06882055 A view of a sign at Pfizer's headquarters in New York, New York, USA, 11 July 2018. The company announced on Tuesday plans to delay raising the prices on a number its drugs one day after US President Trump accused the company by name of raising prices on drugs "for no reason". EPA-EFE/JUSTIN LANE

GlaxoSmithKline has offered concessions to address EU antitrust concerns over its planned joint venture with Pfizer’s consumer health business, the European Commission said on Thursday.

The EU competition enforcer will decide by July 10 whether to accept the proposal, demand more or open a full-scale investigation, according to a filing on its site.

GSK announced the deal in December last year, a move which will put it ahead of rivals Johnson & Johnson, Bayer and Sanofi.

Via Reuters / CNA 

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