J&J has been continuously purchasing the divisions of other OTC pharmaceuticals for the last few years. and keep getting authorization from anti-monoply authorities.
I thought, they’re already in monoply - how come they keep getting “go ahead” permission.
Are the authorities waiting for them to cross the limit ?? so can give them hard time later on just like Microsoft.
J&J’s Pfizer deal gets go-ahead. US anti-monopoly authorities have approved Johnson & Johnson’s $16.6bn (£8.4bn) purchase of rival drug firm Pfizer’s consumer products business.
The Federal Trade Commission said it would not oppose the deal as long as the companies sold off four drugs - Zantac, Cortizone, Unisom and Balmex.
Johnson & Johnson will now cement its position as the world’s leading seller of over-the-counter medicines.
The Pfizer brands it is buying include Sudafed cold treatment.
The deal, which was first announced in the summer, has already been approved by the European Union.
This is a big no no for Muslims according to the company itself. 70% of the ingredients are made up of lard and other pig sources. So make sure you don’t use it on your babies and tell your other family and friends as well.