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Mylan Launches Generic Omeprazole; Takes Risk For Purple Gold

Executive Summary

Mylan's decision to launch the second generic version of AstraZeneca's Prilosec (omeprazole) could inject a new level of price competition into the proton pump inhibitor category

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Schwarz' Kremers Urban Development Company will pay Mylan and its development partner, Spain-based Esteve Quimica, $50 mil. under June 25 agreement to settle lawsuits related to generic omeprazole (1"The Pink Sheet" Aug. 11, 2003, p. 11). Mylan will receive $37.5 mil and Esteve Quimica will receive $12.5 mil...

Schwarz and Mylan settle omeprazole dispute

Schwarz' Kremers Urban Development Company will pay Mylan and its development partner, Spain-based Esteve Quimica, $50 mil. under June 25 agreement to settle lawsuits related to generic omeprazole (1"The Pink Sheet" Aug. 11, 2003, p. 11). Mylan will receive $37.5 mil and Esteve Quimica will receive $12.5 mil...

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