News Releases

Baker Botts’ Antitrust Team Guides Celgene Corporation to FTC Approval of Merger with BMS


WASHINGTON, D.C., November 15, 2019 – Baker Botts L.L.P., a leading energy and technology law firm, today announced that its client Celgene Corporation obtained FTC approval of its transformative $74 billion merger with Bristol-Myers Squibb Company (“BMS”). As a condition of FTC approval, and to facilitate a timely closing of the merger, BMS and Celgene have agreed to divest Celgene’s Otezla OTEZLA® (apremilast) business to Amgen for a cash purchase price of $13.4 billion. The FTC’s press release announcing the agency’s decision can be found here.

The Baker Botts team was led by partner Stephen Weissman and associate Steve Pet. Both are located in the Washington, D.C. office. Mr. Weissman previously served as Deputy Director for the FTC’s Bureau of Competition (2013-2015).


Baker Botts is an international law firm of approximately 650 lawyers practicing throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

Read More