Abbott EPD-DM is a Swiss-based manufacturer focused on distributing branded ex-originator products with expired patents and with internal production capabilities in Canada, Europe and Japan.

The EC was initially concerned that Mylan’s acquisition would have reduced competition on the market for several medicines [1]. The effects of the acquisition on competition in five therapeutic areas in particular were examined: cardio-metabolic, gastro, anti-infective/respiratory, central nervous system/pain, and women’s and men’s health.

The markets where the EC identified potential competition concerns were those for mebeverine in Germany and the UK, pygeum africanum in France, betahistine in Ireland, and delorazepam in Italy.

As a result, Mylan has agreed to divest its local businesses in the concerned markets, including the relevant marketing authorizations, customer information and supply contracts. The EC’s approval is conditional upon full compliance with these commitments.

According to reports, Mylan agreed to buy Abbott EPD-DM back in July 2014 [1] in a US$5.3 billion deal that will improve its product line and cut its tax bill. Mylan expects the transaction to close in the first quarter of 2015.

Days after news of the EC approval, Mylan announced that it would acquire several female healthcare businesses from Famy Care, a specialty women’s healthcare company with global leadership in generic oral contraceptive products for US$750 million in cash plus additional contingent payments of up to US$50 million.

In a statement, Mylan said that this latest acquisition would complement its pending acquisition of Abbott EPD-DM, which also includes a women’s healthcare portfolio and sales and marketing capabilities.

Related articles
Mylan latest to recall blood pressure generic

Mylan starts phase III trials for biosimilar insulin glargine

Reference
1.   GaBI Online - Generics and Biosimilars Initiative. Generics deals for Mylan, Pfizer and Sun Pharma [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2015 Feb 13]. Available from: www.gabionline.net/Pharma-News/Generics-deals-for-Mylan-Pfizer-and-Sun-Pharma 

Permission granted to reproduce for personal and non-commercial use only. All other reproduction, copy or reprinting of all or part of any ‘Content’ found on this website is strictly prohibited without the prior consent of the publisher. Contact the publisher to obtain permission before redistributing.

Copyright – Unless otherwise stated all contents of this website are © 2015 Pro Pharma Communications International. All Rights Reserved.