Abbott sells branded generics business to Mylan

15 Jul 2014

• By Gemma Collier

Abbott has sold part of its branded generics business to Mylan in exchange for a stake in the company. However, Abbott has retained the emerging markets portion of the business from which it anticipates major growth.

The branded generics business generated sales of $2bn last year in the developed markets, which include Europe, Japan, Canada, Australia...

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