US approves Mylan's purchase of Strides unit, with conditions

WASHINGTON (Reuters) - Generic drugmaker Mylan Inc has won U.S. antitrust approval, with conditions, to buy Agila, a unit of India's Strides Arcolab Ltd , the Federal Trade Commission said on Thursday.

The companies will have to divest 11 generic injectable drugs as a condition of approving the deal, the FTC said.

The deal was valued at $1.6 billion when it was announced in February.

(Reporting by Diane Bartz; Editing by Gary Hill)