Meda completes buy of Valeant business
With the approval of relevant competition authorities, Sweden's Meda has now taken control of the western and eastern European businesses of USA-based drugmaker Valeant, in a deal that cost it $392.0 million in cash (Marketletter August 11). The acquisition will give Meda access to the Russian pharmaceutical market, which is valued at some $6.0 billion and growing fast.
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