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flag Pfizer sells its ViiV stake for $1.88B, Shionogi buys in, deal closes Q1 2026.

flag Pfizer is exiting its joint venture ViiV Healthcare, receiving $1.88 billion for its 11.7% stake and a $250 million special dividend as shares are canceled. flag Japan’s Shionogi is buying newly issued shares for $2.13 billion, increasing its stake to 21.7%, while GSK retains 78.3% ownership. flag The deal, pending regulatory approval and expected to close in Q1 2026, simplifies ViiV’s structure and supports ongoing collaboration on long-acting HIV treatments. flag The transaction comes as Pfizer faces financial pressures from declining vaccine sales and patent expirations, with no expected revenue growth until 2029. flag ViiV was founded in 2009 by GSK and Pfizer, with Shionogi joining in 2012.

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