General News

'Vitaris fined in Morocco over merger notification'

Date: Nov 21, 2024

United States (US) pharmaceutical giant Viatris has been fined 7.58 million dirhams ($760 000) by Morocco's competition regulator for failing to notify it regarding its merger, two official sources said this Thursday.

Viatris was formed by the merger of Mylan, which has a subsidiary in Morocco, and Pfizer's Upjohn business in 2020.

The fine, equivalent to 2.5% Viatris; revenue in Morocco last year, has already been paid to the Moroccan treasury, the sources said, requesting anonymity.

Viatris also declined to appeal the decision, the sources said.

Viatris did not immediately respond to a Reuters emailed request for comment.

The regulator is examining other mergers where Moroccan authorities have not been notified, one of the sources said.


--Reuters--

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