Mylan buys Merck generics unit for $6.6 billion to expand global reach - Instablogs

Mylan buys Merck generics unit for $6.6 billion to expand global reach - Instablogs

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Mylan buys Merck generics unit for $6.6 billion to expand global reach

Balendu , Delhi: May 14 2007

Made Popular May 14 2007

Mylan Laboratories has agreed to acquire the generics business of Merck, of Germany, for $6.6 billion in cash, shooting the US firm into the global top three makers of copycat medicines. The generic pharmaceutical firm defeated intense competition...

Tags: Merger & Acquisition, Merck, Mylan, Teva

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