Canadian Bid To Stop New Generics Firm

31 March 1996

Canada's biggest generic drugmakers, Novopharm and Apotex, have lodged a complaint with the federal bureau of competition over the creation of a new generic drug company by three brand-name drug majors.

The new company, AltiMed Pharmaceutical Inc, is being set up as a result of the merger of Pharmacia & Upjohn's generic unit Kenral and Hoffman-La Roche's SynCare Pharmaceutical subsidiary. The third partner in the new company is Glaxo Wellcome.

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