For each Pfizer Share you own you will receive 0.12 shares of Viatris. The number of shares of Viatris common stock that each holder of Pfizer common stock as of the record date will receive will be determined based on the number of shares of Pfizer common stock outstanding as of the record date and the number of Mylan ordinary shares outstanding as of the trading day immediately prior to the closing date, in each case calculated on a fully diluted, as-converted and as … Consistent with our responsibility as one of the world’s premier innovative biopharmaceutical companies, we collaborate with health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world. Pfizer stockholders received ~0.124079 shares of Viatris common stock for every one share of Pfizer common stock held as of Nov. 13 and they retain the … This release contains forward-looking information about the completion of the transaction which spun off Pfizer’s Upjohn Business and combined it with Mylan N.V. to form Viatris Inc., as well as Pfizer’s pipeline and actions to enhance shareholder value, including their potential benefits, that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Every day, Pfizer colleagues work across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. As part of this spinoff, holders of PFE stock will receive 0.124079 shares of VTRS for every 1 share of PFE owned on the date of record, November 13th, 2020. Pfizer shareholders received a stake in Viatris because Pfizer's unit Upjohn is part of the transaction. Stock Advisor launched in February of 2002. Before you log into your online brokerage or call your stockbroker to sell Viatris, it's important to note there's a good reason to hang onto your shares. The following transcript contains forward-looking statements about our anticipated future financial performance that involve substantial risks and uncertainties. On Nov. 13, 2020, Pfizer will spin off its operating segment that sells off-patent drugs, UpJohn, and merge it with Mylan (NASDAQ:MYL) to form a … On the other hand, income-seeking investors will probably love Viatris. https://www.businesswire.com/news/home/20201116005378/en/, Media Relations Pfizer's long-awaited deal is finally done.Last week, the big drugmaker completed its merger of Upjohn with Mylan. The reality is that there isn't a universal answer about whether or not you should sell or hold Viatris stock. enough. Amy Rose Market data powered by FactSet and Web Financial Group. Even Viatris' own forecast doesn't project much revenue growth for the next four years. Or in other words 12 shares per 100 Pfizer Shares. About Pfizer: Breakthroughs That Change Patients’ Lives. 212-733-8917 any one out there with a suggestion. We’re motley! Pfizer assumes no obligation to update forward-looking statements contained in the webcast as the result of new information or future events or developments. If you owned Pfizer shares prior to the close of the deal, you now also own roughly 0.124079 shares of Viatris for every one share of Pfizer common stock held. It will soon provide a really attractive dividend. In the distribution, Pfizer stockholders received approximately 0.124079 shares of Viatris common stock for every one share of Pfizer common stock held as of the close of business on the record date (which was November 13, 2020). This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Under the terms of the transaction, which was structured as an all-stock Reverse Morris Trust, Upjohn Inc. was spun off to Pfizer stockholders by way of a pro rata distribution and immediately thereafter combined with Mylan. View source version on businesswire.com: Pfizer Inc. PFE, +0.84% said Friday's its board has raised its quarterly cash dividend to 39 cents a share from 38 cents in the year-earlier period. If you owned Pfizer shares prior to the close of the deal, you now also own roughly 0.124079 shares of Viatris for every one share of Pfizer common … Investors who want tremendous growth won't like Viatris. 212-733-7410 Pfizer Completes Transaction to Combine Its Upjohn Business with Mylan, MAINTAINING EMOITONAL WELLBEING DURING COVID-19, CORONAVIRUS DISEASE (COVID-19) SCIENTIFIC RESOURCES. Viatris' bottom line should improve throughout the period as it realizes cost synergies. Please refer to our registration statement on Form 8-K, filed with the SEC on August 6, 2020, for further information. I have tried to enter the new shares issued to no avail?? I've been a fan of the Upjohn-Mylan merger for quite a while. The combined company was renamed “Viatris” in connection with the closing. More information on the spin-off can be found here. There's continued price erosion for generic drugs in the U.S. China's volume-based procurement program is creating pricing pressure. Find the latest Viatris Inc. (VTRS) stock quote, history, news and other vital information to help you with your stock trading and investing. Pfizer shareholders will receive shares in Viatris, the new entity created by the merger of Upjohn and Mylan. Creating Cures Through Facility Investments, Scaling Up to Supply a COVID-19 Vaccine, If Approved, https://www.businesswire.com/news/home/20201116005378/en/. The transaction to combine Upjohn with Mylan to form Viatris Inc. closed on November 16, 2020. The NYSE “due-bill” process is not managed, operated or controlled by Pfizer, Viatris or Mylan. However, Viatris has committed to initiating a dividend program in its first full quarter of operations. Looking ahead at the new Pfizer, we believe our pipeline has never been stronger, and we are energized and inspired to continue developing breakthrough treatments and delivering innovative, life-changing medicines to patients around the world.”. Pfizer Inc. (NYSE: PFE) announced today that it has completed the transaction to spin off its Upjohn Business and combine it with Mylan N.V. to form Viatris Inc. Pfizer Chairman and Chief Executive Officer Dr. Albert Bourla said, “We are proud to have completed the combination of Upjohn and Mylan to create Viatris and pleased to have delivered value to our shareholders through this transaction. For more than 150 years, we have worked to make a difference for all who rely on us. NOTE: As of 11/20/20, these steps are only for Pfizer Shareholders. The transaction created a new entity, Viatris (NASDAQ:VTRS), that's a leader in branded and generic drugs and biosimilars. This press release features multimedia. Returns as of 02/22/2021. Pfizer shareholders will receive shares in Viatris, the new entity created by the merger of Upjohn and Mylan. As of the closing of the combination, Pfizer stockholders owned approximately 57% of the outstanding shares of Viatris common stock, and Mylan shareholders owned approximately 43% of the outstanding shares of Viatris common stock, in each case on a fully diluted, as-converted and as-exercised basis. In addition, to learn more, please visit us on www.Pfizer.com and follow us on Twitter at @Pfizer and @Pfizer News, LinkedIn, YouTube and like us on Facebook at Facebook.com/Pfizer. Viatris should generate annual revenue of … Pfizer stockholders received approximately 0.124079 shares of Viatris common stock for every one share of Pfizer common stock held as of the close of business on the record date. 1 View Entire Discussion (16 Comments) More posts from the stocks community However, Viatris will have those drugs in its lineup. Should Pfizer shareholders sell their Viatris stock? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Pfizer intends to provide its initial 2021 financial guidance in conjunction with its fourth quarter 2020 earnings release, consistent with past practice. Viatris, which was formed of the combination of Mylan and the Upjohn division of Pfizer, started trading on the Nasdaq on Nov. 17. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. If you're looking for growth, selling the pharma stock makes sense. My view was that the deal was great news for Pfizer shareholders. If I was a Pfizer stockholder as of the record date for the distribution of Viatris common stock to Pfizer stockholders in connection with the combination, where can I go to get more information? Viatris recommends that each holder of Viatris common stock or Mylan ordinary shares consult his or her own tax advisor as to the fair market value of the shares exchanged in the Combination. The NYSE "due-bill" process is not managed, operated or controlled by Pfizer, Viatris or Mylan. Based on where things stand right now, Viatris could offer a dividend yield of more than 5%. This webcast may contain forward-looking statements about, among other things, our anticipated future operating and financial performance, business plans and prospects, in-line products and product candidates, strategic reviews, capital allocation, business-development plans, the benefits expected from the reorganization of our commercial operations into three businesses effective at the beginning of our 2019 fiscal year, our acquisitions and other business development activities, our proposed transaction with GSK to combine our respective consumer healthcare businesses into a new consumer healthcare joint venture, our ability to successfully capitalize on growth opportunities or prospects, manufacturing and product supply and plans relating to share repurchases and dividends, among other things, that involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. The transaction created a new entity, Viatris (NASDAQ:VTRS), that's a leader in branded and generic drugs and biosimilars.

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