The US Federal Trade Commission announced its approval for generic drugmaker giant Mylan to acquire Agila in a $1.6 billion deal, though the regulator will require Mylan to divest assets that make 11 drugs to quell competition concerns.
According to reports, Mylan is set to buy the India-based unit of Strides Arcolab as the US conglomerate looks to double its injectable drugs portfolio.
The deal was first announced last February.
Full Content: Economic Times of India
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