Mylan's Acquisition of Matrix
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Case Details:
Case Code : BSTR279 Case Length : 20 Pages Period : 2005-2007 Pub Date : 2008 Teaching Note :Not Available Organization : Mylan, Inc./ Matrix Laboratories Ltd. Industry : Pharmaceutical Countries : USA; India; Global
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Excerpts
Background Note
Mylan Mylan was the second-largest US generic drug maker as of 2006. The company was
headquartered in West Virginia, USA, and was involved in developing, licensing,
manufacturing, marketing, and distributing many generic and proprietary drugs.
The company primarily focused on solid oral dosage generic drugs...
Matrix Matrix, a listed Indian pharmaceutical company, was an API manufacturer
established in February 2001. It was the world's second-largest manufacturer of
APIs in terms of DMF filing. Its core business was to manufacture APIs and solid
oral dosage forms...
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The Deal
In mid-2006, there were speculations that Mylan was in the
process of acquiring a majority stake in Matrix. Though the management at Matrix
denied the reports, there was a 10 percent rise in the company's share prices in
anticipation of the deal. These reports followed reports earlier in the year
that the world's largest generic drugs company Teva was interested in acquiring
Matrix...
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Rationale Behind the Acquisition
Benefits for Mylan Mylan acquired the majority stake in Matrix primarily to establish a
global distribution network for its generic drug portfolio. This
acquisition acted as an entry window for Mylan to tap the huge potential
of emerging pharmaceutical markets such as India, China, and Africa,
where Matrix already had a significant presence through its various
strategic alliances...
Benefits for Matrix The Mylan Matrix merger was expected to benefit Matrix as well. |
Experts felt that the merger would help in accelerating
Matrix's expansion plans in India and abroad. As a part of Mylan, Matrix would
benefit from Mylan's predominant presence in the US and their combined expanded
production capabilities and manufacturing capacity, which would result in
economies of scale...
Excerpts Contd...>>
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