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Viatris moves to strengthen balance sheet with Biocon Biologics exit
Viatris will sell its Biocon Biologics stake for more than $300 million, improving financial flexibility as portfolio realignment continues.
Viatris agreed to monetize its equity stake in Biocon Biologics, expecting proceeds above $300 million as part of its post-Q3 portfolio optimization plan. The company highlighted improved financial flexibility and a sharpened strategic focus following the transaction. Management noted that redeployment of capital would support long-term balance sheet objectives.