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Viatris Plots ‘Significant’ Restructuring As Mylan-Upjohn Merger Completes

New Company Aims To Achieve $1bn Of Synergies Through Restructuring

 
• By Dean Rudge

Nearly 16 months after it was first announced, the $12bn merger of Mylan and Pfizer’s Upjohn has completed, with the resulting company Viatris preparing to unveil restructuring plans by the end of 2020.

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Viatris will begin trading on the Nasdaq stock exchange from tomorrow • Source: Shutterstock

Mylan’s protracted $12bn merger with Pfizer’s Upjohn off-patent and mature brands unit has today completed, bringing the curtain down on Mylan after nearly six decades of operations and launching a new global player, Viatris.

Today’s completion matches the date announced at the end of October, when the last hurdle, approval from the US Federal Trade Commission, was cleared by Mylan and Pfizer

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