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Mylan And Upjohn Combination Takes Key Step To Completion

Transaction On Course To Close In Q4

 
• By Dean Rudge

Shortly after agreeing to divest three mature Upjohn brands in Australia, Mylan and the Pfizer off-patent and mature brands unit have stepped closer to merging into Viatris, bagging another key regulatory approval that had been in the works for several months.

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Time is counting down on Mylan and Upjohn's proposed combination • Source: Shutterstock

The European Commission has bestowed final approval for the proposed combination of Mylan and Pfizer’s Upjohn business into Viatris, after giving the green light to Mylan’s suggested list of buyers for divestitures.

Back in March, Mylan offered concessions to the European Commission’s department for competition to address antitrust concerns about its plans...

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