Pfizer to promote Upjohn enterprise to Mylan Pharma for Rs 180.48 crore



Drug agency Pfizer Ltd on Friday mentioned it has entered into an settlement with Mylan Prescription drugs to promote its Upjohn enterprise for Rs 180.48 crore.


The corporate has entered right into a enterprise switch settlement with Mylan Prescription drugs to switch sure primarily off-patent branded and generic established medicines (Upjohn enterprise) as a going concern to Mylan for a consideration of Rs 180.48 crore, Pfizer Ltd mentioned in a regulatory submitting.





The consideration for the switch is supported by valuation reviews issued by two unbiased valuers, it added.


“The Upjohn Enterprise includes six manufacturers which embody Lyrica, Viagra, Celebrex, Amlogard, Daxid and Dilantin. These together with associated enterprise property and liabilities will transition to Mylan,” the submitting mentioned.


The rationale for the transaction is that Pfizer Inc, USA on July 29, 2019, introduced that it had entered right into a definitive settlement to mix its Upjohn enterprise — which consists of off-patented branded and generic established medicines — with Mylan N.V., thereby creating a brand new world pharmaceutical firm, Viatris Inc.


The worldwide transaction was closed in November 2020.

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Come to India, be a part of our development story: Modi to buyers at Dubai Expo



At this time’s India is without doubt one of the most open nations on the planet and it presents most development, Prime Minister Narendra Modi mentioned on Friday, inviting buyers to the nation.


In his video message to a gathering on the India Pavilion at Expo 2020 Dubai, Modi mentioned India is a powerhouse of expertise and is making many advances on the planet of expertise, analysis and innovation.





“Our financial development is powered by a mix of legacy industries and start-ups,” he mentioned.


Referring to the theme of India’s pavilion — ‘Openness, Alternative and Development’ — Modi mentioned in the present day’s India is without doubt one of the most open nations on the planet — open to studying, views, innovation and funding.


“That’s the reason I invite you to come back and put money into our nation. At this time, India is a land of alternatives. Be it within the discipline of arts or commerce, trade or academia,” he mentioned.


There may be alternative to find, alternative to companion, alternative to progress, Modi mentioned, urging buyers to come back to

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