Discover your next big idea for life sciences at PACK EXPO Las Vegas
Experience a breakthrough in life sciences packaging—explore solutions from 2,300 suppliers spanning all industries, all in one place this September.

Pfizer, Hospira acquisition gets European Union approval

The deal was initially a concern for the agency over fear of discontinued drugs, affordability and development of new medications.

European Union regulators approved Pfizer's $16 billion deal to buy Hospira after they conceded to put a plan in place that would protect against price increases, protect research and development, as well as make sure certain drugs were not discontinued, according to the Wall Street Journal.

"This is not just about keeping prices low for patients and health care services,”  Margrethe Vestager, the EU's antitrust chief said in a statement, according to the news organization. “We have also made sure that the merger of Pfizer/Hospira doesn't stand in the way of the research and development of medication that could have huge benefits for society.”

Specifically, regulators were worried about a copycat version of Infliximab, a drug used to treat autoimmune diseases. Their concern was delays or discontinuation of production.

Although the deal was announced in February, they still needed proper regulatory approval.

List: Digitalization Companies From PACK EXPO
Looking for CPG-focused digital transformation solutions? Download our editor-curated list from PACK EXPO featuring top companies offering warehouse management, ERP, digital twin, and MES software with supply chain visibility and analytics capabilities—all tailored specifically for CPG operations.
Download Now
List: Digitalization Companies From PACK EXPO
Pharmaceutical Innovations Report
Discover the latest breakthrough packaging technologies shaping the pharmaceutical sector. This report dives into cutting-edge innovations, from smart containers that enhance patient safety to eco-friendly materials poised to transform the industry’s sustainability practices. All from PACK EXPO. Learn how forward-thinking strategies are driving efficiency and redefining what’s possible in pharma packaging.
Learn More
Pharmaceutical Innovations Report