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EU clears Pfizer’s US$43 billion takeover of biotech firm Seagen

eu-clears-pfizer’s-us$43-billion-takeover-of-biotech-firm-seagen

THE EU said today it had given the green light for US pharmaceutical giant Pfizer’s US$43 billion (RM204.25 billion) acquisition of biotech firm Seagen that specialised in innovative cancer treatment.  

The European Commission, the bloc’s powerful anti-trust authority, said it had “unconditionally approved” the transaction after a market investigation.