Mylan emerges as victor for Merck KGaA generics business

Share this article:
Mylan struck a deal over the weekend to acquire Merck KGaA’s generics business for $6.7 billion in cash. The transaction is expected to close in the second half of this year. The agreement creates a global generics business with a presence in most of the important global generics markets and a portfolio of 560 products. The new company, with about 10,000 employees, would have had combined revenues of $4.2 billion in 2006. Merck Generics, a subsidiary of Merck KGaA, was the world’s No. 3 generics business by revenue in 2006, reporting earnings of $450 million. That’s an increase of 29% from the previous year, on sales of $2.45 billion. The business employs about 5,000 people worldwide, according to Mylan and Merck KGaA. Merck Generics’ US specialty pharmaceuticals business, Dey, focuses on respiratory and allergy products and had $650 million in revenues in 2006. At least five bidders had been vying for the generics operation, including other generics firms and private equity. Teva Pharmaceuticals, the world’s biggest generics firm, was among the losing bidders. The German Merck bought Swiss biotech company Serono SA for $13.3 billion this year and was said to be under pressure to cut debt.
Share this article:
You must be a registered member of MMM to post a comment.

Next Article in Channel


Patient access to pharmaceuticals is a tale of two worlds—affordability has improved for the majority, while the minority is hampered by cost, distribution and red tape. To provide marketers with a well-rounded perspective, MM&M presents this e-book chock full of key insights. Click here to access it.

More in Channel

Five things for pharma marketers to know: Monday, September 15

Five things for pharma marketers to know: ...

Pharma has sought 76 meetings with FDA over biosimilars; Gilead licenses Sovaldi to India generic drugmakers; Pfizer and Ranbaxy Lipitor lawsuit dismissed.

Liraglutide, aiming for new indication, gets new name

Liraglutide, aiming for new indication, gets new name

Why Novo Nordisk is choosing not to leverage Victoza's brand equity as it seeks a weight-loss indication for liraglutide.

Five things for pharma marketers to know: Friday, September 12

Five things for pharma marketers to know: Friday, ...

An FDA panel voted in favor of liraglutide for weight loss; Allergan investors backing an attempted takeover of the firm crossed a critical threshold; and 100 million health wearables are ...