Democratic candidate Sanders condemns Pfizer-Allergan deal as 'disaster'

Reuters News
Posted: Nov 23, 2015 11:59 AM

WASHINGTON (Reuters) - Democratic presidential candidate Bernie Sanders condemned the Pfizer Inc <PFE.N> acquisition of Allergan Plc <AGN.N> on Monday and urged the Obama administration to block the deal.

Pfizer said it would buy Botox maker Allergan in a record-breaking deal worth $160 billion to cut its U.S. tax bill by moving its headquarters to Ireland.

"The Pfizer-Allergan merger would be a disaster for American consumers who already pay the highest prices in the world for prescription drugs," Sanders said in a statement.

(Reporting by Doina Chiacu; Editing by Bill Trott)