A PYMNTS Company

New Zealand OKs Mylan & Upjohn Merger Subject To A Divestment

By  |  September 10, 2020

The New Zealand Commerce Commission has granted clearance for Mylan and Upjohn (a wholly owned subsidiary of Pfizer) to merge their global pharmaceutical businesses. The clearance is subject to a divestment of certain assets.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In New Zealand, both parties compete to supply off-patent prescription medicines. This includes competing to win contracts to supply medicines that are subsidised by the Pharmaceutical Management Agency (PHARMAC) (the public market) and competing to supply unsubsidised medicines outside the PHARMAC process (the private market).

    The merging parties offered to divest these products from Upjohn to enable another firm to compete in those markets.

    “Subject to the divestment being undertaken, the Commission is satisfied that the proposed merger is unlikely to substantially lessen competition in any New Zealand market,” Commission Chair Anna Rawlings said.

    Full Content: Commerce Commission New Zealand

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.