FTC Orders Claris Lifesciences to Divest Certain Assets Before Baxter Can Acquire It

FTC Orders Claris Lifesciences to Divest Certain Assets Before Baxter Can Acquire It

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After announcing a merger back in July, Baxter International (BAX) has been allowed by the FTC to purchase Clarislifesciences, under one condition

Before the $625MN dollar deal can happen, injectible drug-maker Claris must divest from two specific pharmaceutical products; fluconazole in saline intravenous bags used for fungal treatments, and milrinone in dextrose intravenous bags, which are used for congestive heart failure. The rights to these products must be given to NJ-based pharma company Renaissance Lakewood LLC, as the FTC believes their continued use by Claris would greatly reduce competition in the market. 

You can read the full final order from the FTC here

 

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