US okays Mylan's purchase of Strides unit, with conditions

Written By Unknown on Jumat, 27 September 2013 | 10.56

Sep 27, 2013, 08.33 AM IST

The companies will have to divest 11 generic injectable drugs as a condition of approving the deal, the FTC said.

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US okays Mylan's purchase of Strides unit, with conditions

The companies will have to divest 11 generic injectable drugs as a condition of approving the deal, the FTC said.

Like this story, share it with millions of investors on M3

US okays Mylan's purchase of Strides unit, with conditions

The companies will have to divest 11 generic injectable drugs as a condition of approving the deal, the FTC said.

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Generic drugmaker Mylan Inc has won US antitrust approval, with conditions, to buy Agila, a unit of India's Strides Arcolab , the Federal Trade Commission said on Thursday.

The companies will have to divest 11 generic injectable drugs as a condition of approving the deal, the FTC said.

The deal was valued at USD 1.6 billion when it was announced in February.


Action in Strides Arcolab


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