Biocon–Viatris merger expected

INICIO/Noticias Farmacéuticas | Posted 11/02/2022 post-comment0 Post your comment

The merger of India’s Biocon Biologics and Viatris’ biosimilar business are reported to be in advanced stages.  

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Viatris was formed in November 2020, when Mylan merged with Upjohn, Pfizer's off-patent medicine division. This occurred after the companies received the go-ahead from authorities in Europe, Australia and New Zealand [1].

It is expected that Biocon will buy Viatris’ biosimilar business in an equity-cash-deal, handing over US$1.5 billion to Viatris in a merger that will create a business worth an estimated US$10 billion. Biocon aims to hold a controlling majority stake in the business and will also look for an initial public offering (IPO) for the merged entity based on this valuation.

Biocon and Viatris already have a business relationship as they are exclusive partners on a broad portfolio of biosimilars and insulin analogues. For example, the companies recently launched two versions of their interchangeable biosimilar Semglee (insulin glargine) in the US market [2].

In late 2021, Biocon entered into a vaccine alliance deal with Adar Poonawalla’s Serum Institute in India [2]. Herein, a 15% stake of Biocon’s biosimilar unit was sold to the institute to enable access to millions of vaccine doses, including COVID-19 shots. The deal valued Biocon Biologics at US$4.9 billion.

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The new section of the ‘Latin American Forum’ on GaBI has been launched. The objective of this new section is to provide you with all the latest news and updates on developments of generic and biosimilar medicines in Latin America in Spanish.

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Se ha lanzado la nueva sección del ‘Foro Latinoamericano’ sobre GaBI. El objetivo de esta nueva sección es brindarle las últimas noticias y actualizaciones sobre desarrollos de medicamentos genéricos y biosimilares en América Latina en español.

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1. GaBI Online - Generics and Biosimilars Initiative. Mylan-Upjohn merger receives go ahead from Europe, Australia and New Zealand []. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Feb 11]. Available from:
2. GaBI Online - Generics and Biosimilars Initiative. Viatris/Biocon launch two versions of Semglee to accommodate rebates []. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Feb 11]. Available from:
3. GaBI Online - Generics and Biosimilars Initiative. Biocon Biologics and Serum Institute Life Sciences partnership []. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Feb 11]. Available from:

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