FTC Gets Court Backing to Halt IQVIA’s Purchase of Propel Media

The Federal Trade Commission won its motion to temporarily block IQVIA Holdings Inc.'s planned purchase of California health advertising firm Propel Media Inc.

A preliminary injunction halting the proposed transaction “is in the public interest,” Judge Edgardo Ramos of the US District Court for the Southern District of New York said in a ruling Friday. The size of the proposed deal hasn’t been disclosed.

“The FTC has shown that there is a reasonable probability that the proposed acquisition will substantially impair competition in the relevant market and that the equities weigh in favor of injunctive relief,” Ramos said.

The FTC ...