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Mylan acquires Watson's 50% interest in Somerset Pharmaceuticals

Mylan and Watson Pharmaceuticals have announced that Mylan has acquired Watson's 50% interest in the Somerset Pharmaceuticals joint venture. Somerset, a proprietary research and development company located in Tampa, Florida, was formed in 1986, and since 1988, has been owned jointly by both Mylan and Watson. Somerset developed Emsam, a transdermal patch for the treatment of major depressive disorder, currently marketed in the US by Bristol-Myers Squibb. Somerset will become a wholly-owned subsidiary... [read full story]                    

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