Mylan to Launch Prescription Drugs in India
Mylan is looking to extend its footprint in India by launching its own prescription drugs in that country over the next year.
US-based generic drugmaker Mylan is seeking to enlarge its footprint in India by launching its own prescription drugs in the country over the next year, according to company CEO Robert Coury. As part of the strategy, the company plans to rebrand its Hyderabad, India-based subsidiary Matrix Laboratories Limited as Mylan.
The planned name change is subject to approval of India's Registrar of Companies. Mylan expects to retain the Matrix name for the institutional ARV franchise, serving NGOs and other alliances.
"Having led the integration of Matrix and Mylan, I am particularly excited about today's milestone," said Mylan President Heather Bresch in a statement. "Changing Matrix's name to Mylan represents a natural next step for our business in India, and w
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