Mylan shares suffer amid uncertain 2020 outlook
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.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
More on this story...
Today's issue
Company Spotlight
More Features in Generics
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze