Generic Manufacturer Mylan to Buy Brand-Name Drug Maker

Summary


balow@wvgazette.com

In an apparent attempt to prepare for a slowing stream of new generic drugs, Mylan Laboratories announced plans Monday to buy brand-name drug-maker King Pharmaceuticals Inc.

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Generic Manufacturer Mylan to Buy Brand-Name Drug Maker

Mylan expects to close the $4 billion stock-swap transaction by the end of the year, assuming regulators and stockholders of both companies approve it.

"The significant expansion of our branded business ...

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