Viatris to divest India API, women's healthcare businesses for USD 1.2 billion

Published On 2023-10-05 10:22 GMT | Update On 2023-10-05 10:22 GMT

Viatris (formerly known as Mylan Inc) has finalised two deals in India to divest its API (active pharmaceutical ingredients) and women's healthcare businesses for a combined consideration of around $1.2 billion, the healthcare company said on Monday.

The United States-headquartered global healthcare company has centres in Pittsburgh, Shanghai, and Hyderabad. Viatris has executed an agreement to divest its API business in India to Iquest Enterprises, a Hyderabad-based pharmaceutical company owned by Nimmagadda Prasad, the founder of Matrix Laboratories.

For more details, check out the link given below:

US Pharma Giant Viatris To Divest India API, Women's Healthcare Businesses For USD 1.2 Billion

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Roshni Dhar

Roshni Dhar, a Mass com graduate with a soft corner for health happenings, joined Medical Dialogues as a news anchor in 2021. Inspired by her mother who is a gynaecologist, she likes to keep herself and the world updated on the occurring in the medical field. She covers various aspects of health news for MDTV at Medical Dialogues. She can be contacted at editorial@medicaldialogues.in. Contact no. 011-43720751

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Viatris to divest India API, women's healthcare businesses for USD 1.2 billion

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