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ARTICLE · 02 APRIL 2021

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Takeaways From The Competition Bureau's Participation In The International Working Group Focused On Pharmaceutical Mergers

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Canada's Competition Bureau (the "Bureau") has joined an international multilateral working group that will be focusing on the analysis of pharmaceutical mergers.

CanadaAntitrust/Competition Law
Antonio Di Domenico
Antonio Di Domenico
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Canada's Competition Bureau (the "Bureau") has joined an international multilateral working group that will be focusing on the analysis of pharmaceutical mergers. Initiated by the U.S. Federal Trade Commission, the working group also includes the Antitrust Division of the U.S. Department of Justice, Offices of State Attorneys General, the U.K. Competition and Markets Authority ("CMA") and the European Commission Directorate General for Competition ("European Commission"). According to the Bureau, "(t)he goal of the initiative is to identify concrete steps to review and update the analysis of pharmaceutical mergers, which are often subject to review in multiple jurisdictions." The organizer of the international working group, Acting FTC Chair Rebecca Slaughter, used stronger language, noting that "amid skyrocketing drug prices and ongoing concerns about anticompetitive conduct in the industry, it is imperative that we rethink our approach toward pharmaceutical merger

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