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genisi

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genisi

Re: genisi post# 1561

Sunday, 05/13/2007 3:15:58 AM

Sunday, May 13, 2007 3:15:58 AM

Post# of 3562
Mylan beats Teva for Merck KGaA

Mylan Laboratories paid $6.7 billion for Merck KGaA’s generic business
Gil Shlomo 13 May 07 10:02
Mylan Laboratories Inc. (NYSE: MYL) has acquired the generic business of Germany’s Merck KGaA (XETRA: MRK) for $6.7 billion.

Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA), the world’s largest generic pharmaceutical company, was reportedly Mylan’s chief rival in the tender. Mylan is Teva’s main competitor in the US generics market.

Published by Globes [online], Israel business news -
http://www.globes.co.il/serveen/globes/docview.asp?did=1000210935&fid=942
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