Pharma BD Deal Intelligence

Mylan Laboratories Inc. / Merck Generics (Merck KGaA)

2007 · Acquisition/Merger · $6.7B · Complete

CALLED IT — OFF BY 6

Transformative scale-up that made Mylan a top-tier global generics player and delivered EpiPen as an unplanned blockbuster, but that same asset later triggered a pricing scandal, and one acquired unit (Dey/Perforomist) was written down within months of close.

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The coverage arc

May 13, 2007 Business Standard Bullish

Mylan's $6.7B acquisition of Merck Generics was viewed as transformative — moving Mylan from #3 US generics player to a top-tier global specialty/generics…

Jan 01, 2024 Wikipedia (peer-citation summary) Neutral

EpiPen — acquired in the Merck KGaA deal — held ~90% US autoinjector share at ~$200M annual sales in 2007; Mylan grew it past $1B by 2014, eventually drawing…

Source summaries from our enrichment pipeline; follow links for originals.

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EUR 4.9B / $6.7B cash. EpiPen included. Closed Oct 2, 2007. Source: Mylan investor release, FTC, Business Standard.

Did it work? Outcome assessment

Transformative scale-up that made Mylan a top-tier global generics player and delivered EpiPen as an unplanned blockbuster, but that same asset later triggered a pricing scandal, and one acquired unit (Dey/Perforomist) was written down within months of close.

Strategic verdict
Achieved Stated Rationale

Key facts

Related deals — scored

DealYearValueOutcome
Mylan Laboratories Inc. / Merck Generics (Merck KGaA) (this deal)2007$6.7B81
Mylan Laboratories Inc. / Matrix Laboratories Limited2006$736M66
Mylan Laboratories Inc. / Matrix Laboratories Limited2005$736M39
Mylan Laboratories Inc. / King Pharmaceuticals Inc.2004$4.0B
Sanofi SA / Regeneron Pharmaceuticals, Inc.2007$1.0B97
Shire plc / New River Pharmaceuticals Inc.2007$2.6B88
Roche Holding AG / Ventana Medical Systems Inc.2007$3.4B88

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