Mylan Makes Official Bid for Perrigo in Generic Drug Contest

April 24, 2015 3:52 PM

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Generic drugmaker Mylan is making official its offer for over-the-counter medicines maker Perrigo despite opposition from a larger rival that wants to buy Mylan.

By buying Perrigo, Mylan hopes to create a company with more than $15 billion in annual sales of specialty and generic drugs, over-the-counter-products, infant formula and vitamins. Teva, the world's biggest generic drug company by revenue, wants to buy Mylan and says the companies could save large ...

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