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Pfizer may merge off-patent drug business with Mylan

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Pfizer Inc. is considering a merger of its off-patent drug business with generic drugmaker Mylan, people familiar with the matter told The Wall Street Journal.

Under the proposal, Mylan shareholders would own more than 40% of the new entity and Pfizer shareholders would own the remainder.

Such a deal would create a global company that sells lower-priced pharmaceuticals.

Read more from The Wall Street Journal.

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