Upjohn To Divest Three In Australia To Complete On Viatris

ACCC Nod Moves $12bn Merger With Mylan Closer To Completion

 
• By Dean Rudge
  
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Another regulatory approval for Mylan and Upjohn’s proposed combination into Viatris has been ticked off, with the Australian Competition and Consumer Commission saying it will not oppose the deal after Upjohn agreed to divestments to Aspen Pharmacare.

Australia
Without the divestments, Viatris would “significantly reduce competition” for the supply of the products • Source: Shutterstock

Mylan and Pfizer’s Upjohn have agreed to divest three mature Upjohn brands in Australia to Aspen Pharmacare in order to get their proposed combination into Viatris over the line, remedying “strong competition concerns” raised by the Australian Competition and Consumer Commission and moving the $12bn transaction one step closer to completion.

Pfizer has provided a court-enforceable undertaking to support the divestment process of its Caduet (amlodipine/atorvastatin) cardiovascular diseases drug, as well...

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