Britain probing AstraZeneca-Alexion deal over competitors issues By Reuters

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© Reuters. FILE PHOTO: A general view of the AstraZeneca site in Macclesfield, UK, May 11, 2021. REUTERS / Phil Noble

(Reuters) – Britain’s competition regulator announced Tuesday that it had launched an investigation into the $ 39 billion AstraZeneca (NASDAQ 🙂 acquisition of US drug maker Alexion (NASDAQ :), possibly to prevent competition on the UK market or elsewhere.

The competition and market regulator asked all interested parties to comment on the deal to help with the evaluation. A deadline of June 3rd was set for all parties to see it.

Anglo-Swedish drug maker AstraZeneca agreed to buy Alexion in December as part of its largest business to date and to move away from its fast-growing cancer business to focus on rare disease drugs and immunology.

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