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© Reuters. Take a look at tubes are seen in entrance of Seagen brand on this illustration taken June 27, 2022. REUTERS/Dado Ruvic/Illustration/File Picture
BRUSSELS (Reuters) – Pfizer (NYSE:)’s $43 billion bid for Seagen will likely be determined by EU antitrust regulators by Oct. 19, a regulatory submitting confirmed on Friday.
U.S. pharmaceutical firm Pfizer introduced the deal, its largest, in March for Washington-based Seagen, a pioneer of antibody-drug conjugates, which work like “guided missiles” designed to destroy most cancers whereas sparing wholesome cells.
The European Fee can both clear the deal after a preliminary evaluate or it will possibly begin a four-month lengthy investigation if it has critical considerations.
Pfizer sought EU antitrust approval on Thursday.
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