Fresenius (ETR:FRE) is walking away from a $4.3 billion merger with U.S. generic drugmaker, Akorn Inc. (NSDQ:AKRX), citing an investigation that found material breaches of FDA data integrity requirements relating to Akorn’s operations.
Fresenius said in a statement that it offered to delay its decision to give Akorn time to compete its own investigation, but Akorn turned the offer down.
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