Meda previously rejected a takeover offer earlier this month. The company subsequently said it had been contacted with a proposal to combine the two companies, but Meda's board rejected this, too.
The stock was up 2.01% to $51.36 at noon on Friday.
Here are Friday's top research calls, including upgrades for Casey's and Qualcomm and downgrades for AutoZone and Mylan.
Stock losses accelerate on Thursday as Deutsche Bank and Wells Fargo drag on the financials sector.
U.S. stocks fall into the red by late Thursday morning as Mylan kicks off a selloff in health care.
Mylan (MYL) CEO Heather Bresch may be called before Congress again, the Wall Street Journal's Editor-in-Chief Gerry Baker said on FBN.