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Biocon’s $3.3bn Biosimilars Big Leap Also Marks Viatris’ 'Smart' Exit, Albeit Toehold

 
• By Anju Ghangurde

Biocon seals milestone deal to acquire Viatris’s biosimilars assets for up to $3.3bn, accelerating its direct commercialization push across key markets and also bringing with it rights to key in-licensed therapies, including biosimilar adalimumab, and an option to acquire the US firm’s rights for biosimilar aflibercept.

Kiran Mazumdar Shaw
Biocon chief Kiran Mazumdar-Shaw

Long-time partners Biocon, Ltd. and Viatris Inc. are walking down the aisle to combine their biosimilars businesses in a $3.3bn deal that puts the Indian company in the driver’s seat. The transaction will also mark the tactical exit of Viatris from the biosimilars arena, though the US firm still retains a foothold in the combine.

The deal, which ends months of speculation around an imminent transaction, will see Biocon Biologics Ltd., which houses the Indian group’s biosimilars business, acquire Viatris’s biosimilars business for up to $3.3bn, including cash of up to $2

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