Carey has locally represented Viatris in the sale of marketing and intellectual property rights to a portfolio of well-known branded products in Latin America, such as Lipitor, Viagra, Lyrica, Zoloft, Norvasc and Celebrex, to South African pharmaceutical company Aspen Pharmacare for USD $280 million.
The transaction closed on 1 November and involved the jurisdictions of Colombia, Argentina, Chile, Ecuador, Peru and Uruguay. Cravath Swaine & Moore and Hogan Lovells also acted as advisors to Viatris.
Aspen Pharmacare valued the transaction at US$280 million. The consideration for the transaction was a US$150 million payment and an extension of supply to Viatris.
Carey’s team comprised partner Marcos Ríos (pictured), counsel José Ignacio Mercado, and associates José Santos Ossa, Juan Pablo De la Maza, Constanza Trisotti.