Published Online: Sunday, October 1, 2006

Mylan Laboratories moved into the international generic pharmaceutical market in a big way by announcing an agreement to acquire India's Matrix Labs. Under the agreement, Mylan will buy a 51.5% stake at Matrix under a complex formula that could drive the final cost as high as $736 million. Matrix Labs will remain a publicly traded company in India and will continue to operate independently of Mylan.

Matrix Labs, one of the 12 companies authorized to supply medicines to former President Bill Clinton's Clinton Foundation, is also one of India's leading suppliers of raw materials for use by other generic pharmaceutical manufacturers in India.

Latest Articles
A pharmacy robber not only left his fingerprints behind at a pharmacy—he also dropped his wallet containing his identification as he made his escape.
Janssen Research and Development LLC has submitted a new drug application to the FDA for canagliflozin and metformin hydrochloride extended release (Invokamet XR).
Treating chronic pulmonary obstructive disease with both inhaled corticosteroids and long-acting bronchodilators remains controversial, but new evidence suggests that this controller combination could reduce mortality risk.
Beverly Schaefer, RPh, of Katterman's Sand Point Pharmacy in Seattle, Washington, shares some fun tips on how to encourage patients who travel to come to your pharmacy for supplies.
Latest Issues