Mylan shares suffer amid uncertain 2020 outlook

28 February 2020

Netherlands-headquartered drugmaker Mylan (Nasdaq: MYL) was nearly 5% down in pre-market trading on Friday, having closed 4% lower on Thursday.

Uncertainty over the impact of the coronavirus was likely the main cause, though investors might have noted a couple of other uncertain factors in looking to the year ahead as Mylan presented its financial results for the latest quarter and 2019 as a whole.

These factors include the merger with Pfizer’s (NYSE: PFE) Upjohn unit for off-patent branded drugs, which is still to close, and a looming lawsuit over alleged anti-competitive practices relating Mylan’s EpiPen (epinephrine) devices.

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