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Cooper Consumer Health gains conditional EU nod to buy Viatris' assets

186.00 US$
Published date: September 24, 2024
  • Location: 1412, Saint Croix, Brittany, Japan
By Foo Yun Chee

BRUSSELS, June 26 (Reuters) - France-based Cooper Consumer Health on Wednesday secured EU antitrust approval to buy U.S. drugmaker Viatris' European over-the-counter drug business after agreeing to sell its rights and interests in an infant laxative medicine and earwax removal product.

The companies announced the $3.6 billion deal last October, with Viatris selling some of its businesses to focus on ophthalmology, gastroenterology and dermatology.

The European Commission, which acts as the EU competition enforcer, 비닉스 파는곳 said Cooper's concessions came after it voiced concerns about the high combined market shares as a result of the deal and also insufficient competitive pressure from rivals.

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