EC clears Teva/Barr deal
Israel's Teva Pharmaceutical Industries has received approval from the European Commission and the US Federal Trade Commission, to proceed with its acquisition of US firm Barr. However, under the terms of the clearance, the firms are required to divest formulations of 17 generic drugs in certain specific countries with respect to which they have a product overlap, representing about $6.0 million in their annual sales.
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