United States: Merger of drug wholesalers would have reduced competition
Thursday, 1 October 1998
Featured In: October / November 1998 (Vol. 1 Iss. 5)
The drug wholesaler cases represent another notable court victory for the FTC. Indeed, the judge in the case went out of his way to praise the 'high level of performance by the FTC'.
Remarking on the changes that have taken place within the agency over the past decade or so, the court noted that 'it was not too long ago when this agency was so fraught with dissension that it was unable to perform its mission ... If this is an example of the revitalised agency in action, the public interest will be well served in the days to come.'
Ronan P Harty
Davis Polk & Wardwell
New York City
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