WASHINGTON (Reuters) - Democratic presidential candidate Bernie Sanders condemned the Pfizer Inc (N:PFE) acquisition of Allergan Plc (N:AGN) 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.