Paul J. Gough
Mylan Inc. (Nasdaq: MYL) is based at Southpointe in Cecil Township.
India Prime Minister Manmohan Singh has given his personal approval for Mylan Inc.'s $1.6 billion acquisition of Agila Specialities.
FiercePharma reported India's Department of Industrial Policy and Promotion didn't seem all that thrilled about the deal, but Singh approved it last week.
That clears the way for Southpointe-based Mylan (Nasdaq: MYL) to acquire the generic injectable manufacturer from India-based Strides Arcolab Ltd., a deal that was announced back in February. Mylan officials said at the time that the deal would give it a bigger piece of the global injectables market and a big pipeline.
Paul J. Gough is digital producer at the Pittsburgh Business Times. Contact him at pgough@bizjournals.com or 412-208-3827. You can also follow him on Twitter.
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