Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By



Executive Summary

MYLAN PUERTO RICO MANUFACTURING PLANT is expected "to become operational in approximately 12 months": the tax/profit benefits should begin accruing to Mylan "during the third and fourth quarters of [the company's] fiscal year ending March 31, 1988." Mylan announced plans for the new facility as part of groundbreaking ceremonies on Oct. 8. The firm is building a 50,000 square foot pharmacuetical manufacturing plant on ten acres of land in Caguas, Puerto Rico, 20 miles south of San Juan. Mylan is at least the third generic firm to take advantage of tax benefits through Puerto Rican operations. Bolar built a 22,000 square foot plant in Humacao, Puerto Rico, in 1984, which was expanded an additional 32,000 square feet in 1985 ("The Pink Sheet" Feb. 24, 1985, In Brief). In January, Zenith announced plans to expand its manufacturing facilities in Cidra, Puerto Rico through the acquisition of a 70,000 square foot plant ("The Pink Sheet" Jan. 20, T&G-2). Mylan noted that the new Puerto Rican plant will cost between $7 and $8 mil. The product line for Puerto Rican production has not been set, Mylan said. The plant will be equipped to manufacture both tablet and capsule products.

You may also be interested in...

Part D Discount Liability Coming Into Focus: CMS Releases Drug Cost Data

Newly released Medicare Part D data sheds light on the sales hit that branded pharmaceutical manufacturers will face when the coverage gap discount program gets under way in 2011

FDA Skin Infections Guidance Spurs Debate On Endpoint Relevance

FDA appears headed for a showdown with clinicians and the pharmaceutical industry over the proposed new clinical trial endpoints for acute bacterial skin and skin structure infections, the guidance's approach for justifying a non-inferiority margin and proposed changes in the types of patients that should be enrolled in trials

Shire Hopes To Sow Future Deals With $50M Venture Fund

Specialty drug maker Shire has quietly begun scouting deals with a brand-new $50 million venture fund, the latest of several in-house investment arms to launch with their parent company's pipelines, not profits, as the measure of their worth




Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts