Sentences with phrase «of its generic drug unit»

• Mallinckrodt (NYSE: MNK) is exploring a sale of its generic drug unit in a deal that could fetch as much as $ 2 billion, according to Reuters.

(Reuters)- Mallinckrodt Plc (MNK.N) is exploring a sale of its generic drug unit, in a deal that could fetch as much as $ 2 billion and help pivot the specialty pharmaceutical maker toward higher - margin branded drugs, according to people familiar with the matter.

Not exact matches

Advisory panels to the Food and Drug Administration (FDA) this week gave unanimous recommendations for so - called biosimilars of Humira and Enbrel developed by Amgen and Novartis (nvs) generics unit Sandoz, respectively.

Its Sandoz unit was the first to win U.S. approval of a «biosimilar» drug — a treatment that's the cheaper generic equivalent of some of the world's most expensive therapies.

Bain and Cinven, who earlier this year took control of Germany's Stada, are hoping to use the Merck unit as a buy - and - build platform for Stada, which makes generic drugs and consumer care products and had annual revenues of more than 2 billion euros in 2016, the sources said.