Pfizer, Mylan say COVID-19 delays will postpone their Viatris merger

With the novel coronavirus pandemic continuing to hamstring operations, U.S. regulators have warned that major corporate transaction reviews could be held up. Now, thanks to COVID-19 delays, a generics megamerger between Pfizer's Upjohn unit and Mylan has been postponed until the back half of the year.

Pfizer and Mylan delayed the close of their generics megamerger, citing "unprecedented circumstances surrounding the COVID-19 pandemic, including associated delays in the regulatory review process," Mylan said in a release Thursday.