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Abbott sells branded generics business to Mylan

 
• 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.

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 and New Zealand. Mylan is taking this business, and its...

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