Biocon Biologics Limited has acquired the Biosimilar business of Viatris Inc. for US$3.3 billion. It will also prepare us for greater success with the commercialization of our future pipeline. Choose Your Biocon Biologics Limited , a subsidiary of Biocon Ltd., and its partner Viatris Inc. are proud to confirm that Prime Therapeutics, a leading pharmacy benefit manager in the US, serving nearly 33. Receive Historic Approval for First Interchangeable Biosimilar Semglee (insulin glargine-yfgn injection) for the Treatment of Diabetes, Biocon Biologics Partners with Adagio Therapeutics to Advance Antibody for the Prevention and Treatment of COVID-19. Biocon Biologics to Acquire Viatris Global Biosimilars Assets in Transformational Deal, Combination to Create a Unique Global, Vertically Integrated Biosimilars Leader. PITTSBURGH, Nov. 7, 2022 /PRNewswire/ -- Viatris Inc. (NASDAQ: VTRS), a global healthcare company, today announced that it intends to create an ophthalmology franchise by acquiring Oyster Point Pharma and Famy Life Sciences and that it will provide a strategic update on its February 2022 Investor Event in a conference call and live webcast . It is leveraging cutting-edge science, innovative tech platforms and advanced research & development capabilities to lower costs of biologics therapies while improving healthcare outcomes. Viatris : Strategic Update Press Release 11/07/2022 | 08:14am EST Viatris Announces Two Acquisitions to Create What it Expects to be a Leading Ophthalmology Franchise; Plans to Provide Strategic Update on its February 2022 Investor Event Expects Biocon Biologics Transaction to Close Shortly Intends to Begin Executing on Stock Repurchase Program Story, Our Website:www.bioconbiologics.com; Follow us onTwitter: @BioconBiologicsfor company updates. Viatris will receive consideration of up to USD 3.335 billion, including cash up to USD 2.335 billion and Compulsorily Convertible Preference Shares (CCPS) in BBL, valued at USD 1 billion. Biologics Ltd., a subsidiary of Biocon Ltd., announced that it has entered into a definitive agreement with its partner Viatris Inc. Viatris that is specific to. Tata Capital Growth Fund to Invest ~USD 30 million (Rs 225 Crore) in Biocon Biologics for an Equity Stake of 0.85% Deal Values Biocon Biologics at USD 3.5 Billion. >> Biocon Biologics Biocon and Mylan Launch Fulphila, Biosimilar Pegfilgrastim, in Australia, Biocons Insulin Manufacturing Facility in Malaysia Receives EIR from U.S. FDA with Voluntary Action Indicated (VAI) Classification, Inspection Stands Closed. 8 in Global Top Employers List by the U.S. Science Magazine, Biocon Biologics Insulins Facility in Malaysia Receives EU GMP Certification, Biocon Biologics Limiteds (BBL) acquisition of Viatris rights in biosimilars assets, creates a unique global, vertically integrated biosimilars leader, BBL will realize full revenues and profits from this business, BBL will gain Viatris global biosimilars business whose revenues are estimated to be USD 1 billion next year, along with its portfolio of in-licensed biosimilar assets, This transaction accelerates BBLs direct commercialization strategy for its current and future biosimilars portfolio, Viatris to provide commercial and other transition services for an expected period of two years to ensure continuity of customer service and smooth transition to BBL, Deal to be value accretive to Biocon and BBL shareholders and is structured as part-cash, part-equity, Debt finance supported by larger EBITDA base (consolidation of BBL, Viatris and SILS income streams) and future equity infusion, Kiran Mazumdar-Shaw continues as Executive Chairperson of BBL; Viatris to designate Rajiv Malik, President of Viatris, to serve on BBL Board. Abevmy, co-developed by Viatris and Biocon Biologics, is a biosimilar to Roche's Avastin (bevacizumab) and has been approved by Health Canada across four oncology indications. It has many firsts to its credit including the most recent U.S. FDA approval of the worlds first interchangeable biosimilar, awarded to its Insulin Glargine, which has been commercialized gin the U.S. in 2021. Areas, Working States, Viatris In our over decade long Biocons collaboration with Viatris, we have contributed our R&D and manufacturing strengths while relying on Viatris strong commercialization capabilities to achieve business success. In July, the two companies won FDA approval for Semglee (insulin glargine-yfgn injection), which they claimed was the first interchangeable biosimilar product. >> Biocon Malaysia, Biocon Ranks at No. or third party site that is solely responsible for its content, including The approval of Abevmy was based on a comprehensive analytical, pre-clinical and clinical program. This press release contains "forward-looking statements". Bhd. There is additional deferred consideration of $335 million due in FY25 of which $175m is linked to the option to acquire biosimilar Aflibercept. Viatris and Biocon Biologics Launch Abevmy (Bevacizumab), Their Third Oncology Biosimilar, in Canada, For further information: Viatris Media: Communications@viatris.com; Biocon Biologics Media: Seema Ahuja, Sr VP & Global Head of Communications & Corporate Brand, +91 80 2808 2222, +91 99723 17792, seema.ahuja@biocon.com; Viatris Investors: +1.724.514.1813, InvestorRelations@viatris.com; Bill Szablewski, William.Szablewski@viatris.com; Biocon Biologics Investors: Nikunj Mall, Head - Investor Relations, +91 998 777 4078, nikunj.mall@biocon.com. With approximately 37,000 colleagues globally, Viatris is headquartered in the U.S., with global centers in Pittsburgh, Shanghai and Hyderabad, India. Biocon has agreed to purchase the biosimilars business of its fellow copycat medicines maker Viatris, announcing Monday a cash-and-stock deal worth up to $3.3 billion. 13 last year. The revenues of this acquired business are estimated to be USD 1 billion . This press release includes statements that constitute "forward-looking statements." Viatris Reports Strong Third Quarter 2022 Results PR Newswire PITTSBURGH, Nov. 7, 2022 Reaffirms 2022 Guidance Ranges [1] Across Total Revenues, Adjusted EBITDA Viatris and Biocon Biologics have co-exclusive commercialization rights in the rest of the world. As part of this deal, we are acquiring Viatris global biosimilars business, estimated to be USD 1 billion in revenue next year. Per the terms of the agreement, Viatris will combine its biosimilars portfolio with Biocon Biologics Ltd in exchange for a pre-tax consideration of up to $3.335 billion. Check out press release related to Biocon - News related to Investors, Shareholders, Stock Exchange disclosures. Abevmy is the fourth biosimilar to be offered by Viatris inCanadaand our third to support patients living with cancer. Leaders, Corporate This acquisition will provide significant potential for growth in diabetes, oncology, immunology and other non-communicable diseases. The program offers support and resources for patients, their caregivers and their healthcare providers. The transaction will create a uniquely positioned, vertically integrated company that is expected to be a global biosimilars leader. Semglee is a biosimilar for the reference drug Lantus, which is an insulin product developed by Sanofi. pittsburgh and bengaluru, india, nov. 16, 2021 /prnewswire/ -- viatris inc. (nasdaq: vtrs) and biocon biologics ltd. today announced the u.s. launch of interchangeable biosimilars semglee . We have consistently focused on the importance of vertical integration in the biosimilars industry to be agile and competitive. Receive Historic Approval for First Interchangeable Biosimilar Semglee (insulin glargine-yfgn injection) for the Treatment of Diabetes, Biocon Biologics Partners with Adagio Therapeutics to Advance Antibody for the Prevention and Treatment of COVID-19. Moreover, if The acquisition of biosimilars assets of Viatris significantly strengthens BBLs position in providing affordable access to patients through its portfolio in diabetes, oncology, immunology and other non-communicable diseases. Strengthens our financial profile, allowing us to make continued investments in R&D, expand global-scale manufacturing capacity & capability, widen geographical reach; Realise commercial, regulatory and IP capabilities, in developed markets; as well as operational efficiencies; Assemble a comprehensive portfolio comprising our current range of commercialized insulins, oncology and immunology biosimilars, as well as several other biosimilar assets currently under development. Press Release on financial results for the quarter ended June 30, 2020. Enters Malaysia Book of Records as the First & the Largest Integrated Insulin Manufacturing Facility, Biocon Q1FY23 Revenue at Rs 2,217 Cr, Up 23%; Net Profit at Rs 144 Cr, Up 71%; Core EBITDA at Rs 660 Cr Up 25%, University of Glasgow officially Opens Mazumdar Shaw Advance Research Centre, Biocon Biologics and Viatris Launch Abevmy (bBevacizumab), Their Third Oncology Biosimilar, in Canada, Biocon Q4FY22 Revenue at Rs 2,476 Cr, Up 21%; Core EBITDA at Rs 815 Cr, Up 37% ; PBT(before Exceptional Items) at Rs 384 Cr, Up 9%, Biocon Biologics Insugen Awarded a Three-Year Contract by Ministry of Health, Malaysia, Biocon Biologics Partner Receives Positive EU CHMP Opinion for Biosimilar Human Insulin for IV Infusion, University of Glasgow Names their Flagship Research Centre After John Shaw and Kiran Mazumdar-Shaw, Kiran Mazumdar-Shaw Elected as the Fellow of Royal Society of Edinburgh (RSE), Biocon Biologics to Acquire Viatris Biosimilars Assets for up to USD 3.335 billion in Stock and Cash, Biocon Q3FY22 Revenue at Rs 2,223 Cr, Up 18%; EBITDA at Rs 537 Cr, Up 25%; Biosimilars Up 28% at Rs 981 Cr; Research Services Up 10% at Rs 641 Cr; Generics Up 7% at Rs 607 Cr, Biocon Biologics* Partner Viatris Wins U.S. Court Decisions on Sanofi Appeals for Lantus Device Patents, Clinical Study for Itolizumab in Lupus Nephritis Initiated in India, Post DCGI Approval, Biocon Ltd partners with Tabuk Pharmaceuticals to commercialise its speciality generic medicines in the Middle East, Biocon Enters Prestigious Dow Jones Sustainability Emerging Markets Index, Biocon Biologics and Viatris Announce Insulin Glargine (insulin glargine-yfgn) Injection Will Be Offered Through the Walgreens Prescription Savings Club, Biocon Biologics and Viatris Announce Launch of Interchangeable SEMGLEE (insulin glargine-yfgn) Injection and Insulin Glargine (insulin glargine-yfgn) Injection, Biocon Biologics Collaborates with RSSDI to Expand Access to its Insulins for Children with Type 1 Diabetes on World Diabetes Day, Biocon Biologics and Viatris Announce Prime Therapeutics Prefers First-Ever Interchangeable Insulin Biosimilar Semglee (insulin glargine-yfgn) Injection and Insulin Glargine (insulin glargine-yfgn) Injection on its National Formularies. CONTACT +91 80 2808 2808 . Viatris and Biocon Biologics Launch Abevmy (Bevacizumab), Their Third Oncology Biosimilar, in Canada VTRS | May 19, 2022 TORONTO and BENGALURU, India, May 19, 2022 /CNW/ -- Viatris Inc. and Biocon Biologics Ltd., a subsidiary of Biocon Ltd., announced today that Abevmy (bevacizumab) is now available in Canada. Accordingly, Biocon Biologics Ltd. (BBL) will acquire Viatris' biosimilars business to create a unique fully integrated global biosimilars enterprise. Post closure of the deal, Biocon Biologics will realize the full revenue and associated profits from its products partnered with Viatris, which is a step-up from the existing arrangement of realizing a smaller fraction of the economic benefits. It has many firsts to its credit including the most recent U.S. FDA approval of the world's first interchangeable biosimilar, awarded to its Insulin Glargine, which has been commercialized in the U.S. in 2021. 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