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Viatris Swats Away Concerns Over Divestment Valuations

As US-Based Firm Updates On Glatiramer And Botox Biosimilar

 
• By Dean Rudge

Viatris remains committed to completing the sale of its global biosimilars unit to Biocon Biologics, while continuing efforts to generate up to $9bn in pre-tax proceeds by the end of 2023 from divestments.

Dollars (David Wall/Alamy Stock Photo)
Rising rates are no concern to Viatris currently • Source: Shutterstock (Alamy Stock Photo)

Viatris has moved to allay concerns of finding fair value in a challenging market for the non-core assets it is earmarking to sell, as the firm continues along its strategy of generating up to $9bn in pre-tax proceeds by the end of 2023.

In February, the company announced that it was offloading its global biosimilars unit to Biocon Biologics in a deal package...

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