The Traderszone Network

Published in TZ Latest News 11 July, 2014 by The TZ Newswire Staff

Exclusive: Mylan near multibillion-dollar deal for Abbott drug assets – sources

U.S. generic drugmaker Mylan Inc is in advanced talks to acquire a multibillion-dollar portfolio of established products from Abbott Laboratories, people familiar with the matter said. The proposed transaction, which is in late-stage discussions, would see Mylan acquire a big chunk of Abbott’s Europe-based mature drugs for several billion dollars, said the people, who asked not to be named because the matter is not public.

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