EC clears Teva/Barr deal

12 January 2009

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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