Amid EpiPen shortage concerns, a mixed bag of first quarter financials for Mylan

10 May 2018

Netherlands-incorporated Mylan (Nasdaq: MYL) has reported first quarter revenues of $2.7 billion, down 1% compared to the prior year period and a little lower than analysts had been expecting.

While the group saw low-single digit growth in its European and Rest of World segments, it suffered a near 20% drop in revenues from North America, down to $985 million.

Mylan blamed the drop on the loss of exclusivity on olmesartan products, lower sales of branded products, including the EpiPen Auto-Injector, and the divestiture of assets.

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