Welcome to our dedicated page for Viatris news (Ticker: VTRS), a resource for investors and traders seeking the latest updates and insights on Viatris stock.
Viatris Inc. (NASDAQ: VTRS) is a global healthcare company that bridges the gap between generics and branded medicines, aiming to address healthcare needs more comprehensively worldwide. Formed in November 2020 by the merger of Upjohn, a subsidiary of Pfizer, and Mylan, Viatris leverages its vast portfolio to provide high-quality medications to approximately 1 billion patients annually across more than 165 countries. The company’s operations span 10 major therapeutic areas, with a strategic focus on dermatology, ophthalmology, and gastroenterology.
Viatris boasts an extensive product lineup, including around 1,400 generic pharmaceuticals and several branded medications like Lipitor, Norvasc, Lyrica, and Viagra. Generics and biosimilars form about 40% of its sales, while legacy products contribute to the remaining 60%. The company is also a key supplier of antiretroviral therapies, which nearly 50% of HIV/AIDS patients in developing countries rely on.
In 2023, Viatris continued to make strides with significant developments. It announced positive results from the YUPELRI® Phase III clinical trial in China for COPD treatment, paving the way for regulatory approval anticipated in mid-2024. The company also entered a substantial R&D collaboration with Idorsia Ltd, acquiring global rights to two promising Phase 3 assets: selatogrel, for acute myocardial infarction, and cenerimod, for systemic lupus erythematosus. Additionally, Viatris launched RYZUMVI™, an FDA-approved eye drop for reversing pharmacologically-induced dilation, further expanding its ophthalmology portfolio.
Financially, Viatris demonstrated robust performance with consistent operational revenue growth. The company reported a strong 2023, meeting its financial guidance, and executed strategic initiatives like the divestiture of its Women's Healthcare Business and API business in India. Viatris also maintained a solid cash flow, allowing it to return capital to shareholders through dividends and share repurchases, reinforcing its commitment to shareholder value.
Headquartered in the U.S., with major centers in Pittsburgh, Shanghai, and Hyderabad, Viatris employs around 30,000 people dedicated to advancing global health. For more information, visit viatris.com.
Pittsburgh, Nov. 8, 2021 - Viatris reported Q3 2021 financial results with total revenues of $4.54 billion, U.S. GAAP net earnings of $312 million, and adjusted EBITDA of $1.70 billion. The company raised its 2021 financial guidance, projecting total revenues between $17.70 billion and $17.90 billion. Free cash flow is now expected to range between $2.40 billion and $2.60 billion. Viatris returned $266 million to shareholders in dividends and reduced debt by $1.9 billion in the first three quarters. A virtual investor event is scheduled for January 7, 2022.
On October 20, 2021, Viatris Inc. (NASDAQ: VTRS) announced that its interchangeable biosimilar Semglee® (insulin glargine-yfgn) will be listed as a preferred insulin brand on Express Scripts' National Preferred Formulary, impacting over 28 million lives. This decision aims to enhance patient access to affordable insulin, with both Semglee and its authorized counterpart set to launch before year-end 2021. The formulary change will take effect on January 1, 2022, promoting greater adoption of insulin among patients with diabetes.
Viatris Inc. (NASDAQ: VTRS) will release its third quarter 2021 financial results on November 8 before the U.S. market opens. CEO Michael Goettler, President Rajiv Malik, and CFO Sanjeev Narula will host a webcast at 10 a.m. ET on the same day to discuss the results. Investors can access the live webcast via investor.viatris.com or by phone. Viatris, formed in November 2020, operates globally and has a portfolio of over 1,400 approved medicines.
Viatris Inc. (NASDAQ: VTRS) has been ranked fifth on Fortune's Change the World list, recognizing its positive societal impact through healthcare initiatives. The company was acknowledged for expanding access to HIV medications in low- and middle-income countries via public-private partnerships. Key achievements include introducing a low-cost dolutegravir regimen for $75 per year and a pediatric version at a 75% reduced cost, promoting affordable treatment. Viatris serves over 40% of global HIV patients and emphasizes its commitment to social responsibility and innovative healthcare solutions.
Viatris reported Q2 2021 revenues of $4.58 billion with a GAAP net loss of $279 million. Adjusted EBITDA stood at $1.68 billion, while net cash from operating activities was $559 million and free cash flow reached $470 million. The company raised its full-year guidance: total revenues are now expected to be between $17.5 billion and $17.9 billion, adjusted EBITDA between $6.15 billion and $6.45 billion, and free cash flow between $2.2 billion and $2.4 billion. Additionally, a quarterly dividend of $0.11 per share was declared, and $1.15 billion of debt was paid down in H1 2021.
Viatris Inc. (NASDAQ: VTRS) and Biocon Biologics Ltd. announced the FDA approval of Semglee® (insulin glargine-yfgn injection) as the first interchangeable biosimilar under the 351(k) pathway. This approval allows Semglee to be substituted for Lantus® at pharmacies and is expected to enhance access to diabetes treatment. The companies will launch Semglee by the end of the year and may enjoy 12 months of exclusivity before competing biosimilars can enter the market. This significant milestone reflects Viatris’ scientific capabilities and commitment to increasing patient access to complex treatments.
Viatris (NASDAQ: VTRS) announced that the U.S. District Court for Kansas dismissed a lawsuit filed by KPH Healthcare Services, asserting claims against Mylan and Pfizer over EpiPen products. The court ruled that KPH lacked legal standing, allowing the case to be dismissed entirely, with a possibility for KPH to file a limited amended complaint within 30 days. Viatris expressed satisfaction with the ruling, emphasizing its commitment to legal compliance and willingness to defend against future proceedings.
Viatris Inc. (NASDAQ: VTRS) will announce its second quarter 2021 financial results on August 9, before the U.S. market opens. A webcast featuring CEO Michael Goettler, President Rajiv Malik, and CFO Sanjeev Narula will be held at 10 a.m. ET the same day. Investors can listen to the call live via the company's investor website or by phone. Established in November 2020, Viatris focuses on providing access to medicines and healthcare solutions globally, maintaining a portfolio of over 1,400 approved molecules.
Viatris (NASDAQ: VTRS) will participate in a virtual fireside chat at the Goldman Sachs 42nd Annual Global Healthcare Conference on June 10, 2021, at 10:30 a.m. ET. CEO Michael Goettler, President Rajiv Malik, and CFO Sanjeev Narula will discuss the company and address queries. Interested individuals can access the live webcast at investor.viatris.com, with an archived version available later. Viatris aims to empower global health through access to over 1,400 medicines and operates in 165 countries.
Viatris Inc. (VTRS) reported Q1 2021 financial results with total revenue at $4.4 billion, reflecting a 70% increase year-over-year. The company faced a U.S. GAAP net loss of $1.0 billion, while adjusted EBITDA stood at $1.6 billion. Free cash flow reached $799 million. The Board declared a quarterly dividend of $0.11 per share, payable June 26, 2021. Viatris anticipates achieving approximately $500 million in synergies and has generated $163 million from new product revenue, reiterating its positive outlook for the year.
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