Mylan completes acquisition two dermatological products from Valeant

Mylan completes acquisition of two dermatological products from Valeant

2:41 AM, 7th February 2012
Mylan completes acquisition of two dermatological products from Valeant
Heather Bresch, Chief Executive Officer, Mylan.

PITTSBURGH, US: Mylan Inc announced that it has successfully completed the acquisition of two dermatological products from Valeant Pharmaceuticals. Mylan has acquired the abbreviated new drug application for clindamycin phosphate/ benzoyl peroxide gel, which is the generic version of Valeant’s BenzaClin. Mylan previously had manufactured and marketed the generic version of this product through a licensing agreement with Valeant. Mylan also has acquired a license to manufacture and market Fluorouracil 5 per cent USP cream as the exclusive authorized generic to Valeant’s Efudex.

“The acquisition of these two products reflects Mylan’s continued strategy of creating value through increasing our position in key therapeutic areas and dosage forms, such as dermatological topicals. Further, it allows us to expand our portfolio of difficult-to-manufacture or limited-competition products. We will continue to build on our existing portfolio and capabilities through opportunities such as these,” said Heather Bresch, Chief Executive Officer, Mylan.

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