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Viatris Retains Interest In OTC As It Spies Switch Opportunities

 
• By Tom Gallen

Viatris has penned a deal worth $2bn to offload “substantially all” of its OTC assets but has decided to retain select consumer health products and Rx-to-OTC switch candidates, including erectile dysfunction treatment Viagra.

• Source: Shutterstock

Viatris is bucking the trend of major pharma players exiting the consumer health market by partially reversing its decision to divest its OTC business.

The Canonsburg, PA-based firm described OTC as “non core” in November 2022 as it put the business up for sale along with its women’s healthcare and active pharmaceutical ingredients operations

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