Shionogi invests 2.13 billion dollars to increase ViiV Healthcare stake as Pfizer exits

Shionogi & Co is increasing its stake in ViiV Healthcare to 21.7 percent through a 2.13 billion dollar share purchase while Pfizer exits the joint venture.

Insights:
Shionogi & Co Ltd , headquartered in JP JPJP, has announced a significant restructuring of its investment in ViiV Healthcare. The company will pay $2.13 billion for new shares, raising its total ownership stake to 21.7%. This move comes as US USUSpharmaceutical giant Pfizer Inc exits its 11.7% holding in the specialist HIV company for $1.88 billion.
The logo of Shionogi & Co Ltd is displayed at its Tokyo branch office in Tokyo, Japan, on February 24, 2023. REUTERS/Androniki Christodoulou
The logo of Shionogi & Co Ltd is displayed at its Tokyo branch office in Tokyo, Japan, on February 24, 2023. REUTERS/Androniki Christodoulou
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