Coronavirus Puts The Brakes On Mylan-Upjohn Merger

Shareholders Meeting In The Netherlands Also Pushed Back

Mylan and Pfizer’s Upjohn were all set to merge into Viatris by midway through this year, subject to certain approvals, but that will now not happen in that timeframe as the global coronavirus pandemic proves an insurmountable barrier to getting the deal over the line.

Delayed
Mylan and Pfizer's Upjohn had forecasted pro forma sales of up to $20bn this year • Source: Shutterstock

Citing the “the unprecedented circumstances surrounding the COVID-19 pandemic,” Mylan today announced that the company’s planned merger with Pfizer’s [Upjohn] mature brands and off-patent division will be delayed into the second half of this year, with both firms still committed fully to the transaction.

“Associated delays in the regulatory review process” mean that the merger, which is to produce a combined company called Viatris,...

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