Sector News

Pfizer’s Upjohn to merge with Mylan

August 14, 2019
Life sciences

Get involved in the discussion! Click here to comment on this story

Generic pharmaceutical company Mylan will merge with Pfizer’s off-patent medicines unit Upjohn. The new firm will be based in the US, with anticipated revenues of $19–20 billion (£15–16 billion) in 2020.

The intention is to combine Pfizer’s distribution network in China and other emerging markets with Mylan’s existing products in developed markets and future generics, but the deal does not include Pfizer’s biosimilars.

‘Upjohn has off-patent drugs like Viagra (sildenafil), Lipitor (atorvastatin) and Lyrica (pregabalin), for which Mylan has filed generic applications. This makes me wonder what happens when there is overlap between Mylan’s generics and the branded Pfizer products,’ says Josh Whitehill, a lawyer specialising in pharmaceutical and biotechnology patent law at Goodwin Procter in New York, US. ‘Do they [sell them off], or does the new company just stop selling them?’ he asks.

‘It will be interesting to see if this starts a trend of large branded drug companies selling off or spinning off their off-patent assets,’ Whitehill says. Rather than a consolidation, the deal represents a shift of Upjohn into Mylan, he states. ‘I don’t see this as disrupting the status quo, it just really is giving Mylan more legs to reach places where it couldn’t before.’

By: Rebecca Trager

Source: Chemistry Week

Join the discussion!

Your email address will not be published. Required fields are marked *

Related News

November 14, 2019

UnitedHealth adds new C-suite member from Lockheed Martin

Life sciences

LinkedIn Twitter FacebookUnitedHealth Group Inc. has hired Patricia Lewis as its new chief human resources officer. She’ll serve in the office of the chief executive, the company said in an email. […]

November 13, 2019

Novartis’ Sandoz to acquire Aspen Japan for $331m

Life sciences

LinkedIn Twitter FacebookNovartis subsidiary Sandoz has signed an agreement to buy Aspen Japan operations and related intellectual property from Aspen Global for an upfront payment of €300m ($331m) in cash. […]

November 12, 2019

Amgen to cut 149 staff in retreat from neuroscience R&D

Life sciences

LinkedIn Twitter FacebookAmgen has given notice of its intent to lay off 149 people at its Cambridge, Massachusetts, operation by the end of the year. The notice comes weeks after […]

Subscribe to our Weekly Newsletter

We're easy to reach