Schering-Plough/Organon merger passes antitrust scrutiny and is completed
The Federal Trade Commission has cleared Schering-Plough's acquisition of Organon BioSciences N.V. from Akzo Nobel N.V. with no requirement for any divestitures in human health products. So Schering-Plough announced the merger is now complete. According to Schering-Plough's CEO Fred Hassan, Organon brings to the table two important pharmaceutical franchises, women's health and central nervous system products. In addition, it has several promising phase III compounds in development.