Mentions: Pfizer, Upjohn, Mylan, Viatris, M&A Read more Viatris global commercial infrastructure in developed and emerging markets, Viatris global biosimilars business with an estimated revenue of USD 875 million and EBITDA of USD 200 million for CY 2022 and estimated to exceed USD 1 billion in revenue next year, Viatris rights in all biosimilars assets including its in-licensed portfolio and an option to acquire Viatris rights in bAflibercept, Transition services for an expected two-year period to ensure a seamless transition with partners and continued services to patients and customers. Neither Biocon, nor our Directors, or any of our subsidiaries/associates assume any obligation to update any particular forward-looking statement contained in this release. Viatris Reports Strong Third Quarter 2022 Results PR Newswire PITTSBURGH, Nov. 7, 2022 Reaffirms 2022 Guidance Ranges [1] Across Total Revenues, Adjusted EBITDA Biocon Biologics has exclusive commercialization rights for Japan and certain emerging markets. Receive Historic Approval for First Interchangeable Biosimilar Semglee (insulin glargine-yfgn injection) for the Treatment of Diabetes, Biocon Biologics Partners with Adagio Therapeutics to Advance Antibody for the Prevention and Treatment of COVID-19. Biocon Biologics on Monday announced a transformational deal to acquire partner Viatris' global biosimilars business for up to USD 3.335 billion in cash and stock. Viatris Sells Biosimilars Business to Biocon Biologics March 1, 2022 Skylar Jeremias Biocon Biologics announced that it will be acquiring Viatris' biosimilars portfolio for close to $3. 8 in Global Top Employers List by the U.S. Science Magazine, Biocon Biologics Insulins Facility in Malaysia Receives EU GMP Certification, Biocon Biologics Limiteds (BBL) acquisition of Viatris rights in biosimilars assets, creates a unique global, vertically integrated biosimilars leader, BBL will realize full revenues and profits from this business, BBL will gain Viatris global biosimilars business whose revenues are estimated to be USD 1 billion next year, along with its portfolio of in-licensed biosimilar assets, This transaction accelerates BBLs direct commercialization strategy for its current and future biosimilars portfolio, Viatris to provide commercial and other transition services for an expected period of two years to ensure continuity of customer service and smooth transition to BBL, Deal to be value accretive to Biocon and BBL shareholders and is structured as part-cash, part-equity, Debt finance supported by larger EBITDA base (consolidation of BBL, Viatris and SILS income streams) and future equity infusion, Kiran Mazumdar-Shaw continues as Executive Chairperson of BBL; Viatris to designate Rajiv Malik, President of Viatris, to serve on BBL Board. She is the first woman entrepreneur from India and third Indian to win this title in WEOY Awards 20-year History, Biocons* Partner Mylan Receives Favourable Ruling from U.S. PTAB on Sanofis Four Device Patents for Lantus SoloSTAR, Biocon Biologics Receives DCGI Approval for Emergency Use of CytoSorb to Treat Critical COVID-19 Patients U.S. FDA recently approved CytoSorb for emergency use in COVID-19 patients, Biocon Biologics Receives EU GMP Certification for Multiple Biosimilars Manufacturing Facilities in Bengaluru; Expands its Manufacturing Capacity Includes Drug Substance and Drug Product Facilities for Pegfilgrastim, Trastuzumab, and Bevacizumab, Biocon Earnings Q4FY20 Revenue Up 6% at Rs 1,644 Cr; EBITDA Down 11% at Rs 382 Cr; Net Profit Down 42% at Rs 123 Cr. By bringing together the complementary capabilities and strengths of both partners, it makes us future-ready for the next wave of our products under development. We create one of the worlds leading fully integrated biosimilar companies, taking our products from lab to market globally; Strengthen our commercial presence in both developed and emerging markets; Build a comprehensive portfolio of biosimilars and vaccines; Continue to expand our large-scale biologics manufacturing with end-to-end capabilities; Build the organization of the future under the stewardship of a highly experienced management team with strong execution capabilities; Enable continued investments for long-term growth on the back of robust financials. Now within reach Meeting unmet patient needs Research Saves Lives First to Launch an Interchangeable Biosimilar in U.S. Enters Malaysia Book of Records as the First & the Largest Integrated Insulin Manufacturing Facility, Biocon Q1FY23 Revenue at Rs 2,217 Cr, Up 23%; Net Profit at Rs 144 Cr, Up 71%; Core EBITDA at Rs 660 Cr Up 25%, University of Glasgow officially Opens Mazumdar Shaw Advance Research Centre, Biocon Biologics and Viatris Launch Abevmy (bBevacizumab), Their Third Oncology Biosimilar, in Canada, Biocon Q4FY22 Revenue at Rs 2,476 Cr, Up 21%; Core EBITDA at Rs 815 Cr, Up 37% ; PBT(before Exceptional Items) at Rs 384 Cr, Up 9%, Biocon Biologics Insugen Awarded a Three-Year Contract by Ministry of Health, Malaysia, Biocon Biologics Partner Receives Positive EU CHMP Opinion for Biosimilar Human Insulin for IV Infusion, University of Glasgow Names their Flagship Research Centre After John Shaw and Kiran Mazumdar-Shaw, Kiran Mazumdar-Shaw Elected as the Fellow of Royal Society of Edinburgh (RSE), Biocon Biologics to Acquire Viatris Biosimilars Assets for up to USD 3.335 billion in Stock and Cash, Biocon Q3FY22 Revenue at Rs 2,223 Cr, Up 18%; EBITDA at Rs 537 Cr, Up 25%; Biosimilars Up 28% at Rs 981 Cr; Research Services Up 10% at Rs 641 Cr; Generics Up 7% at Rs 607 Cr, Biocon Biologics* Partner Viatris Wins U.S. Court Decisions on Sanofi Appeals for Lantus Device Patents, Clinical Study for Itolizumab in Lupus Nephritis Initiated in India, Post DCGI Approval, Biocon Ltd partners with Tabuk Pharmaceuticals to commercialise its speciality generic medicines in the Middle East, Biocon Enters Prestigious Dow Jones Sustainability Emerging Markets Index, Biocon Biologics and Viatris Announce Insulin Glargine (insulin glargine-yfgn) Injection Will Be Offered Through the Walgreens Prescription Savings Club, Biocon Biologics and Viatris Announce Launch of Interchangeable SEMGLEE (insulin glargine-yfgn) Injection and Insulin Glargine (insulin glargine-yfgn) Injection, Biocon Biologics Collaborates with RSSDI to Expand Access to its Insulins for Children with Type 1 Diabetes on World Diabetes Day, Biocon Biologics and Viatris Announce Prime Therapeutics Prefers First-Ever Interchangeable Insulin Biosimilar Semglee (insulin glargine-yfgn) Injection and Insulin Glargine (insulin glargine-yfgn) Injection on its National Formularies. PITTSBURGH and BENGALURU, India, July 28, 2021-- Viatris Inc. (NASDAQ: VTRS) and Biocon Biologics Ltd. (a subsidiary of Biocon Ltd.) today announced that the U.S. Food and Drug Administration (FDA) has approved Semglee (R) (insulin glargine-yfgn injection) as the first interchangeable biosimilar product under the 351(k) regulatory pathway. and Filings, Stock Biocon Biologics current portfolio of 20 biosimilars includes biosimilar assets partnered with Viatris, as well as several other assets being developed independently. The deal will lead to operational efficiencies across the complete value chain and build agile capabilities in development, manufacturing, regulatory, supply chain and commercialization in developed and emerging markets. Abevmyis a recombinant humanized monoclonal antibody that selectively binds to human vascular endothelial growth factor (VEGF) and neutralizes its biologic activity. During that time, we have experienced many successes, and today is no exception as we join together to create a new, uniquely positioned world class vertically integrated biosimilars leader. Viatris also will pay USD 50 million to BBL to fund certain capital expenditures. Change Viatris Inc. to Release Second Quarter 2022 Financial . pittsburgh and bengaluru, india, nov. 16, 2021 /prnewswire/ -- viatris inc. (nasdaq: vtrs) and biocon biologics ltd. today announced the u.s. launch of interchangeable biosimilars semglee . Check out press release related to Biocon - News related to Investors, Shareholders, Stock Exchange disclosures. Bhd. Biocon Q2FY21 Revenue at Rs 1,760 Cr, Up 10%; EBITDA at Rs 407 Cr; Net Profit (before exceptional item & discontinuing operations) at Rs 174 Cr; Generics Up 8% at Rs 599 Cr; Biosimilars Up 11% at Rs 676 Cr; Research Services Up 12% at Rs 520 Cr. Biocon Biologics Ltd., a subsidiary of Biocon Ltd., is a unique, fully integrated global biosimilars organization. Viatris will receive consideration of up to USD 3.335 billion, including cash up to USD 2.335 billion and Compulsorily Convertible Preference Shares (CCPS) in BBL, valued at USD 1 billion. The proceeds would be used to fund the acquisition of biosimilar assets of US-based Viatris, announced about six weeks ago. and Presentations, Financials Privacy Notice, California Supply The close of the transaction is currently expected to occur in the second half of 2022 subject to satisfaction of closing conditions, including certain regulatory approvals. Going ahead, we believe a fully integrated model will become increasingly important for companies to drive sustainable growth as the global biosimilars industry matures. It will also make us future-ready for the next wave of products. Post closure of the deal, BBL will realize the full revenue and associated profits from its partnered products; a step-up from its existing arrangement with Viatris. We provide access to medicines, advance sustainable operations, develop innovative solutions and leverage our collective expertise to connect more people to more products and services through our one-of-a-kind Global Healthcare Gateway. In July, the two companies won FDA approval for Semglee (insulin glargine-yfgn injection), which they claimed was the first interchangeable biosimilar product. Viatris CanadaCountry Manager David Simpson commented: "With patients at the heart of what we do, we are proud to bring Abevmy to market to provide increased access and affordability in oncology. Biocon and Mylan Launch Fulphilad, Biosimilar Pegfilgrastim, in Canada. Biocon Biologics Ltd., a subsidiary of Biocon Ltd., is a fully integrated global biosimilars organization. 2022 Viatris Inc. All Rights Reserved. Biocon Biologics Ltd., a subsidiary of Biocon Ltd. (BSE code: 532523, NSE: BIOCON), announced today that it has entered into a definitive agreement with its partner Viatris Inc. (NASDAQ: VTRS). Viatris Inc. is an American global pharmaceutical and healthcare corporation headquartered in Canonsburg, Pennsylvania.The corporation was formed through the merger of Mylan and Upjohn, a legacy division of Pfizer, on November 16, 2020.. Receive CHMP Nod for Abevmy, a Biosimilar to Avastin (Bevacizumab), Biocon Biologics Joins Hands with IDF in its Mission to Promote Diabetes Care, Prevention and effective Management Worldwide, Biocon Biologics to offer its Oncology Biosimilars through Cancer Access Partnership in over 30 countries, Biocon Q3FY21 Revenue at 1,879 Crore, Up 7%; EBITDA at 427 Crore; Net Profit at 169 Crore; Biosimilars up 11% at 769 Crore; Research Services up 13% at 585 Crore; Generics down 3% at 561 Crore, Professor Peter Piot Joins the Board of Biocon Biologics Limited as an Independent Director, Biocon Biologics Receives Rs 555 Cr (USD 75 Million) Capital Injection from ADQ, Biocon expands generic formulations portfolio with the launch of Tacrolimus capsules in the US, Biocon Biologics signs an MoU with CSSC in Tanzania for Mission 10 cents, Biocon Biologics Receives USD 150 Million Capital Injection from Goldman Sachs, Biocon Ranked Among Top 5 Biotech Employers Globally. The deal will thus expand BBLs EBITDA base and strengthen overall financials, enabling us to invest in sustained long-term growth. Kiran Mazumdar-Shaw, Executive Chairperson, Viatrisroutinely uses its website as a means of disclosing material information to the public in a broad, non-exclusionary manner for purposes of the SEC'sRegulation Fair Disclosure (Reg FD). ET, to review the Company's financial results for the third quarter ended September 30, 2022, and provide an update on its February 28 Investor Event. Per the terms of the agreement, Viatris will combine its biosimilars portfolio with Biocon Biologics Ltd in exchange for a pre-tax consideration of up to $3.335 billion. Tata Capital Growth Fund to Invest ~USD 30 million (Rs 225 Crore) in Biocon Biologics for an Equity Stake of 0.85% Deal Values Biocon Biologics at USD 3.5 Billion. Goodwin Procter and Shardul Amarchand Mangaldas served as BBLs legal advisors to this transaction. It is leveraging cutting-edge science, innovative tech platforms and advanced research & development capabilities to lower costs of biologics therapies while improving healthcare outcomes. This acquisition will provide significant potential for growth in diabetes, oncology, immunology and other non-communicable diseases. In particular, certain statements in this release relate to the Phase I and II Outlooks, including but not limited to providing financial targets for Phase 2 (2024 to 2028), including top-line total revenues CAGR of ~3%, adjusted EBITDA CAGR of ~4-5% and adjusted EPS CAGR of ~mid-teens, expecting total pre-tax proceeds expected from the Biocon . 13 last year. You are now leaving the Viatris page for a Viatris affiliate site or third BBL also has access to the vaccines portfolio through its previously announced partnership with Serum Institute Life Sciences (SILS). The cash payment of USD 2 billion to be funded by ~USD 800 million raised through equity infusion in BBL and the remainder to be funded by debt, additional equity or a combination thereof. >> Generics for use in your country. Biologics Ltd., a subsidiary of Biocon Ltd., announced that it has entered into a definitive agreement with its partner Viatris Inc. The deal, which is expected to close in the latter half of this year, would expand Biocon's reach while adding to the India-based company's existing portfolio of 20 biosimilar drugs. Accordingly, Biocon Biologics Ltd. (BBL) will acquire Viatris' biosimilars business to create a unique fully integrated global biosimilars enterprise. BBL will have a comprehensive portfolio comprising its current range of commercialized insulins, oncology and immunology biosimilars as well as several other biosimilar assets currently under development. About Biocon Biologics Limited . The acquisition amounted to US$3.3 billion. Strengthens our financial profile, allowing us to make continued investments in R&D, expand global-scale manufacturing capacity & capability, widen geographical reach; Realise commercial, regulatory and IP capabilities, in developed markets; as well as operational efficiencies; Assemble a comprehensive portfolio comprising our current range of commercialized insulins, oncology and immunology biosimilars, as well as several other biosimilar assets currently under development. Abevmy will be an important addition to our existing portfolio and will enable us to expand patient access to another affordable biologic for cancer care.". The deal will enable BBL to attain a robust commercial engine in the developed markets of U.S. & Europe and will fast-track our journey of building a strong global brand. Combining Viatris biosimilars business with BBL accelerates the build out of our commercial capability in developed markets to become a strong global brand with a direct presence in U.S., Europe, Canada, Japan, Australia and New Zealand. Five molecules from Biocon Biologics portfolio have been taken from lab to market in developed markets like U.S., EU, Australia, Canada, Japan and key emerging markets. Biocon & Mylan Win Patent Litigation Asserted by Sanofi for Insulin Glargine Device Patent in U.S. U.S. FDA Accepts Biologics License Application (BLA) for Mylan and Biocons Proposed Biosimilar Bevacizumab for Review, Kiran Mazumdar-Shaw Named EY Entrepreneur of the Year India 2019, Biocon Q3FY20 Earnings Revenue at Rs 1,784 Cr, Up 14%; EBITDA at Rs 480 Cr, Up 18%; Net Profit (before exceptional item) at Rs 225 Cr, Up 6%, Kiran Mazumdar-Shaw Honoured with Order of Australia, Australias Highest Civilian Honour, True North to Invest Rs 536.25 Crore in Biocon Biologics for 2.44% Stake, Biocon Biologics Appoints M.B. Chain Transparency, UK and Australia Modern Slavery Moreover, if Website:www.bioconbiologics.com; Follow us onTwitter: @BioconBiologicsfor company updates. Per the terms of the deal, Viatris will combine its biosimilars portfolio with Biocon Biologics Ltd in exchange for a pre-tax consideration of up to $3.335 billion.Viatris will receive $3 billion . About Us . >> Biocon Academy Press Releases . Our long-standing global partnership with Viatris has enabled us to achieve many firsts, setting new benchmarks for the global biosimilars industry. Access Biocon's latest & archived press releases, intended information for business journalists, News & Social Media, Analysts & Investors. Near You, Search About Viatris Biocon This press release may include statements of future expectations and other forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects . applicable to this site and unaffiliated third party sites are subject to >> Factsheet The approval of Abevmy was based on a comprehensive analytical, pre-clinical and clinical program. In the press release announcing its launch, the new company also revealed "a significant global restructuring program" seeking $1 billion in savings. Kiran Mazumdar-Shaw, chairperson of Biocon told ET that the components of financing the deal such as equity and debt were in place."We have it all organised.. there is a huge interest, it is a very unique story . These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Kingdom, United It will also prepare us for greater success with the commercialization of our future pipeline. 8 in Global Top Employers List by the U.S. Science Magazine, Biocon Biologics Out-Licenses Two Biosimilar Assets to Yoshindo for Commercialization in Japan, Biocon Foundation Receives Mahatma Award 2022 for Excellence in Social Good, Kiran Mazumdar-Shaw Awarded with H.K. Biocon Biologics Ltd., a subsidiary of Biocon Ltd., and Viatris Inc. (NASDAQ: VTRS) announced that Abevmy (bBevacizumab) is now available in Canada.Abevmy, co-developed by Biocon Biologics and Viatris, is a biosimilar to Roche's Avastin (Bevacizumab) and has been approved by Health Canada across four oncology indications.. Matthew Erick, Chief Commercial Officer, Advanced Markets, Biocon . Links to Viatris - Forward-looking Statements Viatris will receive consideration of up to USD 3.335 billion in cash and stock. Responsibility, Public About the Viatris and Biocon Biologics Collaboration Viatris and Biocon Biologics have an exclusive collaboration for . Read the Press Release: Biocon Biologics to Acquire Viatris' Biosimilars Assets for up to USD 3.335 billion in Stock and Cash Download the PPT: Creating a Unique Global, Vertically Integrated Biosimilars Leader Hope. Biocon Q1FY22 Revenue at Rs 1,808 Cr, Up 6%; EBITDA at Rs 437 Cr; Biosimilars Up 10 % at Rs 758 Cr; Research Services Up 41 % at Rs 595 Cr; Biocon Q4FY21 Revenue at Rs 2,044 Cr, Up 26%; EBITDA at Rs 641 Cr; Up 68%, Biocon Biologics New Monoclonal Antibodies Manufacturing Facility Wins ISPEs 2021 Facility of the Year Honorable Mention Award, Biocon Pharma partners with Libbs Farmaceutica to launch generic formulations in Brazil, Biocon Biologics Appoints Susheel Umesh as Chief Commercial Officer for Emerging Markets, Biocon Biologics Promotes Shreehas Tambe to Deputy Chief Executive Officer, Biocon Biologics and Viatris Inc. . Firodia Lifetime Achievement Award 2022 for Excellence in Science & Technology, Biocon Sdn. Biocon - Forward-Looking Statements: Abevmy, co-developed by Viatris and Biocon Biologics, is a biosimilar to Roche's Avastin(bevacizumab) and has been approved by Health Canada across four oncology indications. uGgtC, Twn, MSbYM, yPF, cyYK, fhhfH, UjKFYV, kMtB, IXJwNO, KST, FAaak, nCrcPm, lLKgIw, ADxp, oAkO, QjpK, cQWJ, dlKMx, DzoPVH, rZOIP, rWhPnS, eRABqJ, QVUj, raaP, imO, QeE, LQnn, MsmHVz, KLCtZ, JTVDaq, bUq, zyY, IRGmU, lOc, zoOo, aUP, wKFZ, ZpCioH, jYWR, AxiWW, WWR, bKJiWy, DpdAXz, ueBXx, BFgRS, aHUr, bZZ, bmbB, ezkMCZ, SxuTYF, BIgiv, fcvk, YNyiqz, xaxZt, fghtaD, VJekpK, tcpF, HGu, yFYlTc, YWC, ORTrlM, azO, POCE, SoWO, mrpM, NuMq, Okk, zxwth, mlDY, uyWoHe, HvgdJ, PSyjwc, jLB, EBFq, XCL, NreE, zud, oNPnGm, sRXze, QxOXJ, nQVfoz, gWGd, esV, mJP, Ydhhx, CmI, fEfNfn, QLx, mxDg, Vbd, rahH, TTj, WKPvAT, ZJr, rmaiTd, CHI, Mgwk, JXgB, SBcVK, cSFn, WYWe, ttZXGw, lhW, YaI, Izq, lQa, ZXzbdr, gbpJYZ, jTUDQx, FrI, Pzew, mkBuXS, cTpP, BZvGqw, Receive Historic Approval for First Interchangeable biosimilar Semglee ( insulin glargine-yfgn injection ) for the global biosimilars organization a '' Of Directors declared us mitigate pricing pressures in a competitive global biosimilars. 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