Monopoly concerns push FTC to sue to block Amgen's more than $26B deal for Horizon

The U.S. is attempting to block a proposed $26 billion acquisition of Horizon Therapeutics by biotech drug developer Amgen on antitrust grounds.

The Federal Trade Commission said Tuesday that the deal, announced in December, would give Amgen unfair leverage to block competition for Horizon medications. The FTC said the deal would entrench Horizon’s monopoly position on treatments for thyroid eye disease and chronic refractory gout.

Amgen did not immediately respond to a request by The Associated Press for comment.

The California company said in December that the acquisition would allow it to expand into rare disease treatments.