+91 80 2808 2808
Biocon Biologics Acquires Viatris' Global Biosimilars Business
Biocon  /  Biocon Biologics Acquires Viatris’ Global Biosimilars Business


Biocon Biologics Ltd. (BBL) has successfully completed its multi-billion dollar acquisition of the global biosimilars business of its partner Viatris Inc.

This acquisition builds on Biocon’s long-standing, strategic partnership with Viatris and is a historic milestone in Biocon Biologics’ value creation journey.

This acquisition strengthens Biocon Biologics’ commitment to expand affordable access to lifesaving biosimilars worldwide, thus addressing global health inequities.

This acquisition provides Biocon Biologics direct commercial presence in advanced markets as well as several emerging markets.

The integration of Viatris’ direct commercial capabilities and supporting infrastructure in the advanced markets and several emerging markets complements Biocon Biologics’ existing capabilities in R&D and global scale manufacturing of biosimilars.

Biocon Biologics will recognize the combined revenue & associated profits from the acquired collaboration biosimilars with immediate effect, a step-up from the existing profit share arrangement.

This acquisition will bring Biocon Biologics closer to patients, customers, and payors in the advanced markets and several emerging markets.

An ‘end to end’ integrated biosimilars organization, Biocon Biologics aspires to expand access and enhance the quality of experience of customers, partners and patients.

With this acquisition Biocon Biologics emerges as a world leading biosimilars player.

“The completion of the acquisition of Viatris’ global biosimilars business is a historic inflection point in Biocon Biologics’ journey of becoming a world leading, fully integrated biosimilars enterprise, committed to serve patients’ needs for affordable access to essential biomedicines. It will fast-track our direct entry into several advanced and emerging markets. This acquisition builds on our decade-long partnership and will enable us to realize our vision of addressing global health inequities. I believe this move will strengthen our value proposition to deliver long-term value to Biocon and Biocon Biologics shareholders.”

Kiran Mazumdar-Shaw
Executive Chairperson, Biocon Ltd.

Funding of the Transaction

As a part of completing the transaction, Biocon Biologics has issued Compulsorily Convertible Preference Shares (CCPS) in the Company valued at USD 1 billion, equivalent to an equity stake of at least 12.9% on a fully diluted basis, and made an upfront cash payment of USD 2 billion to Viatris.

Transition Services to Ensure Smooth Business Transfer

To ensure seamless business continuity and allow for a gradual integration of people and business activities, Viatris will provide commercial and other transition services to Biocon Biologics for up to two years. The two companies have also put in place Governance Committees and an Integration Management Office to ensure smooth execution and integration during the transition period.

Know More About the Acquisition

Leaving the Biocon site!

You are now leaving the Biocon website for a Biocon affiliate site or third party site that is solely responsible for its content, including its compliance with guidelines applicable in certain geographies. Links to Biocon affiliate sites and third party sites are provided as a resource to our visitors and may not be governed by the same regulatory requirements applicable to this site and unaffiliated third party sites are subject to their own terms and data protection notices and practices. Moreover, if their third party site is subject to other country laws, regulatory requirements, data protection requirements or medical practices may differ between countries and the information provided therein may not be suitable for use in your country.

Agree >>