IDEC Pharmaceuticals Corp / Biogen Inc

OFT closed case: Anticipated acquisition by Idec Pharmaceuticals Corp of Biogen Inc.

• From: Competition and Markets Authority
• Published: 13 August 2003

• Case type: Mergers
• Case state: Closed
• Market sector: Pharmaceuticals
• Outcome: Mergers - phase 1 found not to qualify
• Closed: 13 August 2003

Affected market: Pharmaceuticals

No. ME/1299/03

On the basis of the information available to it, the Office of Fair Trading has decided that the proposed acquisition of Biogen Inc by IDEC Pharmaceuticals Corp does not qualify for investigation under the mergers provisions of the Enterprise Act 2002, because neither the UK turnover test nor the share of supply test in section 23 of the Act is met. A relevant merger situation has, therefore, not been created.

Published 13 August 2003