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Mylan to Acquire Pfizer Respiratory Delivery Platform
Date:11/9/2011

ntributor to Mylan's long-term growth."  

Mylan President Heather Bresch commented: "We are extremely pleased to enter into this agreement with Pfizer, as we believe that inhaler-based products represent a significant opportunity for our generics business and expand our focus on difficult-to-produce, limited competition products. We are particularly excited about the global potential of a generic Advair. Further, we intend to utilize this delivery platform and scientific expertise to develop additional branded specialty products, building upon the capabilities and assets we have in place at Dey Pharma. The addition of Pfizer's dry-powder inhaler platform to Dey's existing capabilities in nebulized medicines and allergies will create a powerful platform in this important therapeutic area."

Mylan's specialty division, Dey Pharma, has respiratory expertise in the development of unit-dose oral inhalation products for nebulization for the treatment of COPD. It currently markets Perforomist® Inhalation Solution and is currently developing a combination product. Dey also has expertise in the treatment of severe allergic reactions through its EPIPEN® auto-injector product. Mylan believes there is the potential to leverage Dey's experience and success as it develops and commercializes this expanded respiratory franchise.

According to IMS Health, the global respiratory asthma and COPD prescription market is valued at more than $34 billion and is averaging 7% growth per year. More than 50% of this market is expected to lose patent protection by the end of 2016, including several blockbuster products, many of which are inhaler based.

As part of the agreement, Mylan will pay for remaining development and capital expenditures to bring products to market. Pfizer will be due a payment of $17.5 million at closing of the transaction and will be eligible for additional payments, contingent upon regulatory and commercial success, including p
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SOURCE Mylan Inc.
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