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Biocon Pays $3.3bn For Viatris Biosimilars Business

‘Transformational’ Deal Offers Biocon Portfolio, Pipeline And Global Presence

 
• By Dave Wallace

Biocon Biologics will pay up to $3.3bn to acquire the global biosimilars business of Viatris, in a long-rumored deal that will create a vertically-integrated biosimilars giant with annual sales approaching $1bn.

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The deal combines Biocon Biologics with Viatris biosimilars • Source: rangizzz / Alamy Stock Photo

After months of rumors, Biocon has confirmed that its Biocon Biologics unit will acquire the global biosimilars business of Viatris in a deal worth up to $3.3bn.

Both companies’ boards have approved the transaction, which offers India’s Biocon a substantial portfolio and pipeline as well as a direct presence in markets such as the US and Europe, along with Canada, Japan, Australia and New Zealand, creating a “unique global, vertically-integrated biosimilars leader” with annual revenues closing on $1bn

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