European Commission approves AbbVie's acquisition of Allergan

AbbVie earned the European Commission's approval to acquire Allergan, with one condition.

What you should know:

1. The commission is requiring AbbVie to divest Allergan's brazikumab, an in-development inflammatory bowel disease product.

2. The commission wants the product divested to ensure development continues uninterrupted. The commission hopes the therapy will "increase the choice of treatments and offer better prices for patients."

3. AbbVie said it will divest the product to a company that will continue developing the drug.

4. AbbVie is acquiring Allergan for $63 billion.

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