AbbVie-Allergan $63 billion deal aided by Nestle, AstraZeneca buys

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AbbVie-Allergan $63 billion deal aided by Nestle, AstraZeneca buys
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U.S. drugmaker AbbVie's $63 billion tie-up with Allergan is getting help fr...

FILE PHOTO: The Allergan logo is seen in this photo illustration November 23, 2015. To match special report USA-FDA/CASES REUTERS/Thomas White

Nestle did not give financial details, but analysts from Zuercher Kantonalbank estimated the takeover could have cost the Vevey, Switzerland-based company more than $1 billion. With regulators wary of the deal’s anti-competitive potential, rivals are getting a chance to stock their own product shelves.

AstraZeneca’s pact for brazikumab marks a return of the inflammation medicine to the British drugmaker’s portfolio. In 2016, Astra had struck a licensing deal with Allergan worth up to $1.5 billion for the medicine.

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