Glaxo gets US okay to buy heart drug maker Reliant
WASHINGTON Dec 14 (Reuters) - U.S. antitrust authorities have cleared GlaxoSmithKline Plc (GSK.L) to buy privately held heart drug specialist Reliant Pharmaceuticals.
The Federal Trade Commission announced that antitrust authorities had found no reason to oppose the deal in a listing of completed merger reviews that it issues periodically.
Glaxo, Europe's biggest drugmaker, said last month it planned to buy Reliant for $1.65 billion in cash.
Reliant, which recorded net sales of $341 million in the nine months ending Sept. 30, has a portfolio of specialty drugs for heart disease, including U.S. rights to Lovaza, an omega-3 treatment for patients with very high levels of triglycerides. (Reporting by Diane Bartz; Editing by Brian Moss)
- White House reverses, says Obama met uncle and lived with him during law school
- Flights delayed as air pollution hits record in Shanghai
- South Africa mourns Mandela, will bury him on December 15 |
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image
- Analysis: Boeing bidders dangle goodies to win 777X jetliner