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Mylan Must Divest In EU For Upjohn Merger

European Commission Sets Out Requirements To Approve Deal

 
• By Dave Wallace

The European Commission has approved Mylan’s merger with Pfizer’s Upjohn unit, on condition that the generics firm make a series of divestments in markets where the two firms’ strong positions and lack of other challengers would raise competition concerns.

Brexit
The European Commission has approved the merger, with conditions • Source: Shutterstock

Mylan can proceed with its plans to merge with Pfizer’s Upjohn unit, the European Commission has decided, provided that the generics firm make a series of divestments in 36 individual markets across Europe to address competition concerns that would result from the combination.

Having announced the merger – which will create a new combined company to be known as Viatris – in late...

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