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GSK rumors


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Amgen doesn’t have the money. They are cash poor after buying Horizon which just closed 3 months ago.

damn thing sent too soon.

Anyway.,.Novartis wouldn’t attempt to buy them given their current financial position. Plus, the head of the FTC committed is a whacko and will try to block it. She tried to block the Horizon/Amgen deal despite having zero drugs treating the same disease - or any in the pipeline that are anywhere close to market. Her reasoning was that it would increase Amgen’s ability to bundle with PBMs which was hilarious given that Horizon meds are infused & 90% of the time get covered under medical benefit, not pharmacy, Plus, they’re rare disease drugs so they don’t account for much spend overall. Multiple committed members have quit in protest of her nuttiness. I can’t see any mergers/buyouts of such a magnitude until next year at the earliest. Wait out the election and hope that check gets the boot.