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Watson to acquire Arrow to double generics business

Watson Pharmaceuticals announced it has entered into a definitive agreement to acquire privately held Arrow Group for US$1.75 billion (Euros 1.25 billion) in cash and stock. The combination of Watson and Arrow will result in a global pharmaceutical company with over US$3 billion (Euros 2.15 billion) in revenue, commercial operations in over 20 countries, and a robust product portfolio and pipeline. Watson expects the transaction to close in the second half of 2009, and be accretive to cash earnings per share in 2010 before synergies.

Pfizer plans partnerships and acquisitions in generics

Pfizer, the world's biggest drugmaker, is seeking deals with generic pharmaceutical manufacturers to increase sales of medicines that have lost patent protection.

Nomura: Generics growth will be steady for EU but anaemic for US

Between now and 2012, growth in the European generics market is expected to expand at less than 10% a year according to Ms Frances Cloud, co-head of healthcare investment banking at Nomura International, as she told the World Generics Medicines Congress Europe 2009, held in London, UK, in February.