India Market Bug Bites Mylan As It Sets Sights On Stage-Wise Product Rollouts
This article was originally published in The Pink Sheet Daily
Executive Summary
Following on the hefty deal struck last week between Abbott and Piramal Healthcare for the Indian firm's generics business, U.S. generics leader Mylan prepares to enter the Indian formulations market in a big way.
You may also be interested in...
Biologics Beckon: Biocon, Mylan Strike Deal; Combine To Take Teva, Sandoz Head-on
MUMBAI - Prospects for strong growth in the global generic biologics space in the next 10 years has brought together the world's third-largest generic drug maker Mylan and India's biotechnology company Biocon. The two signed a comprehensive deal that will share development and certain other costs to bring biologic drugs to the market
Mylan Wants Matrix Reloaded – Announces Delisting Plans For $133 Million
MUMBAI - Mylan - the third-largest generic drug maker in the world - plans to de-list its Indian subsidiary Matrix Labs from the Indian stock exchanges at a cost of $133 million. The Pittsburgh-headquartered generic drug maker has approved an indicative acquisition price of up to 150 rupees ($3 per share), reflecting a premium of 27 percent of the closing share price of Matrix on March 26. Mylan will use current cash balances to fund the additional acquisition of Matrix shares
Cancer-Genomics Firm Quanticel Debuts With Close Ties To Celgene, And An Exit In Mind
Celgene will get exclusive use of Quanticel's single-cell genomic analysis to tweak its clinical pipeline, and it also has exclusive options to acquire the venture-backed start-up.