Novartis AG / NeuTec Pharma plc

OFT closed case: Anticipated acquisition by Novartis AG of NeuTec Pharma plc

• From: Competition and Markets Authority
• Published: 12 July 2006

• Case type: Mergers
• Case state: Closed
• Market sector: Pharmaceuticals
• Outcome: Mergers - phase 1 found not to qualify
• Closed: 12 July 2006

Affected market: Biopharmaceuticals

No. ME/2474/06

On the basis of the information available to it, the Office of Fair Trading has decided that the anticipated acquisition by Novartis AG of NeuTec Pharma plc does not qualify for investigation under the mergers provisions of the Enterprise Act 2002 (the Act), 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 12 July 2006