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Pharmaceutical companies

World news about “Pharmaceutical companies” published by euronews.

06/04 15:42 CET

Pfizer calls off merger with Allergan after US Treasury nixes deal

Pfizer calls off merger with Allergan after US Treasury nixes deal

The US Treasury has tightened its rules to prevent companies moving abroad to avoid US taxes. The immediate effect has been for the number one US drugmaker, Pfizer, to call off its merger with rival Allergan and moving the merged company’s legal address to Ireland where…