WASHINGTON (Legal Newsline) — The Federal Trade Commission has announced an order requiring Mylan to divest the rights to two generic
drugs, for muscle spasms and for epilepsy, in order to complete its acquisition
of Swedish drug maker Meda. The order resolves complaints that the $7.2 billion
acquisition would be anti-competitive.
The FTC believes the proposed order preserves
competition for 250 mg generic carisoprodol tablets, which treat muscle spasms
and stiffness, and for 400 mg and 600 mg generic felbamate tablets. Without the
divestiture, the FTC alleges consumers would be forced to pay higher
prices, and all competition between Mylan and Meda would be lost. Meda and one
other company are the only other marketers of 250 mg generic carisprodol
Alvogen Pharma US Inc. will be the company to receive Mylans
products in the 400 mg and 600 mg felbamate tablet space.
The FTC voted 3-0 to issue the complaint and accept the
proposed consent order that now goes before public comment for 30 days.
The FTC will then decide whether to finalize the order.
Organizations in this Story
U.S. Federal Trade Commission
600 Pennsylvania Ave NW
Washington, DC 20580
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