Pfizer’s Upjohn to merge with Mylan

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.