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US: Mylan passes final approval for Meda purchase

By  |  July 28, 2016

Mylan NV has received FTC approval for its $7.2 billion purchase of Swedish rival Meda, under the condition that Mylan divests rights to two generic drugs.

The FTC said the deal could threaten the market for carisoprodol tablets, which treat muscle spasms and stiffness. Per FTC orders, Mylan will relinquish its U.S. marketing rights for the drug, allowing the drug’s maker Indicus Pharma to “compete independently in the U.S. market.”

FTC approval was the final regulatory step needed to complete the Medadeal, following approval by the European Commission a week ago with the requirement of several  asset sales in various European countries.

Full Content: Marketwatch

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