Monday, May 14, 2007

Merck selling generics unit for US$6.6B

Merck selling generics unit for $6.6B (AP)

A Merck employee watches as tablets are produced in Lyon, France. German pharmaceutical giant Merck KGaA announced Sunday that it had signed an agreement to sell its generic drugs division to the US group Mylan Laboratories for 4.9 billion euros (6.6 billion dollars).(AFP/File/Philippe Merle)AP - German drug maker Merck KGaA announced Sunday that it is selling its generic drug business to Mylan Laboratories Inc. of the U.S. for $6.6 billion.


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