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Mylan to Buy Sweden’s Meda for $9.9bn

Deal will boost its OTC medicines portfolio

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By: Tim Wright

Editor-in-Chief, Contract Pharma

After a failed bid for Perrigo, Mylan has moved forward with a $9.9bn deal to merge with Swedish pharma company Meda, boosting its range of branded and generic pharmaceuticals. The deal also gives Mylan a better position in the market for over-the-counter (OTC) medicines. After the deal goes through, the Mylan/Meda OTC business will have sales of around $1bn per year. OTC medicines have become an attractive area of the pharma industry as their growth has outstripped the prescription drug sect...

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