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...





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