6/3/2008 3:32 AM
Email this article Print this article  

Mylan acquires eastern Europe Merck KGaA units as part of '07 agreement


This article has been read 333 times.

Associated Press

CANONSBURG - Generic and specialty pharmaceutical company Mylan Inc. said Monday it has acquired the central eastern European generics businesses of German drug maker Merck KGaA, as part of an agreement signed last year.

Mylan exercised its option to acquire the businesses under its original agreement from October 2007, in which Mylan acquired Merck KGaA's generics business in western Europe, Asia-Pacific, Africa and North America.

Southointe-based Mylan said the latest acquisition does not require any additional consideration to Merck and includes operations in Poland, Hungary, Slovakia, Slovenia and the Czech Republic.




Rate This Story:
1 the lowest - 5 the highest
  • 1
  • 2
  • 3
  • 4
  • 5
Current rating:
Mylan Vice Chairman and Chief Executive Robert J. Coury said the acquisition gives the company access to areas with significant growth opportunities for generics. "It reflects our global strategy to leverage existing platforms, rather than create startup organizations," he said in a statement.

Darmstadt-based Merck has been separate from the U.S.-based Merck & Co. since the end of World War I.




Home



0 comments
All comments will be reviewed by administrators and posted to their respective articles within 24 hours. Comments deemed inappropriate will not be posted.
Subject:
Body:
Poster:
captcha 5b1e2b6fb67a4494ab9f406fc94817c3
Enter text seen above:








Marketplace
Classifieds
Jobs
Cars
Real Estate
Rate card
Photo Store
News
Local
Obituaries
Police Beat
Business
State
Nation
World
Communities
Washington County
Greene County
South Hills
Sports
Headlines
Blogs
Columns
Opinion
Editorials
Letters
Submit Letter
Blogs
Columns
Forum
Lifestyle
Entertainment
Engagements
Weddings
Anniversaries
Births
Calendar
Announcement Forms
Service
Subscribe
Temp. stop delivery
About Us
Contact Us
Terms of Service
Facebook | Twitter
Newsletter
This page is best viewed using Firefox.
Spreadfirefox Affiliate Button
© 2009 Observer Publishing Company. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.