Biocon Biologics a subsidiary of Biocon entered into a definitive settlement with its accomplice Viatris Inc.. Accordingly, Biocon Biologics Ltd. (BBL) will collect
Viatris’ biosimilars business to create a completely unique fully integrated worldwide biosimilars enterprise. Viatris will receive consideration of as much as USD 3.335 billion, consisting of cash up to USD 2.335 billion and Compulsorily Convertible Preference Shares (CCPS) in BBL, worth USD 1 billion.
The Board of Directors of each corporations have authorised the transaction.
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