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Viatris Finds A Buyer For India API Business, Other Assets, Ushering In New Era

Former Matrix Founder Set To Take Back Business Originally Sold 17 Years Ago

 
• By Dean Rudge

Viatris underlined a bold new vision early in 2022 when it announced the sale of its global biosimilars business to Biocon Biologics. Now it has moved to sell its remaining non-core units.

FTC money shot. Businessman offering dollars to you
• Source: Shutterstock

Viatris has moved to offload four more businesses that it has deemed unfit for the next phase of its strategic roadmap, including its six-facility-strong active pharmaceutical ingredients operations in India, in the process bringing in what it says is the company’s original total target in value terms.

The now almost entirely brand-focused firm has previously moved to allay concerns of finding fair value in a challenging market for the non-core assets it had earmarked to sell

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