Biocon Closes $3bn Deal For Viatris Biosimilars

Cites ‘Historic Inflection Point’ For Biocon Biologics As Viatris Also Begins Transformation

Biocon has achieved a milestone after its Biocon Biologics subsidiary closed its $3bn deal to acquire the biosimilars business of longtime partner Viatris, in what management described as a “historic inflection point” for the Indian player.

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The deal value comprises $2bn cash upfront and a $1bn share issue • Source: Shutterstock

Biocon Biologics has achieved a major milestone by closing its $3bn deal to acquire the biosimilars business of longtime partner Viatris, in what Biocon management described as a “historic inflection point” for the Indian biosimilars player.

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