MYLAN ACQUIRES INDIAN GENERIC DRUG MAKER MATRIX LABS

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
This weekly video program provides our readers with an in-depth review of the latest news, product approvals, FDA rulings and more.
Chronic kidney disease incidence has grown faster than many of its common comorbidities such as diabetes and hypertension, and medications may be an underappreciated driver of this growth.
President Barack Obama’s fiscal year 2017 budget proposal calls for an additional $1.1 billion to combat the nation’s spiraling opioid epidemic.
Baxter International is voluntarily recalling intravenous solution due to leaking containers and the potential for particulate matter.
Latest Issues
$auto_registration$
VSEO N/A