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.
Viatris Inc. (NASDAQ: VTRS) will participate in a virtual fireside chat at the 2021 RBC Capital Markets Global Healthcare Conference on May 18, 2021, at 9:10 a.m. ET. CEO Michael Goettler and CFO Sanjeev Narula will discuss the company and answer questions. A live webcast will be available at investor.viatris.com, with an archived version accessible later. Formed in November 2020 from Mylan and Pfizer's Upjohn business, Viatris serves over 165 countries and offers a diverse portfolio of over 1,400 approved medicines.
Viatris Inc. (NASDAQ: VTRS) will participate in a virtual fireside chat at the BofA Securities 2021 Health Care Conference on May 11, 2021, at 8 a.m. ET. President Rajiv Malik and CFO Sanjeev Narula will address questions regarding the company. Interested parties can access a live webcast at investor.viatris.com, with an archived version available afterward. Viatris, formed in November 2020, aims to provide global access to a diverse portfolio of over 1,400 medicines targeting various health conditions, supporting sustainable healthcare.
Viatris Inc. (NASDAQ: VTRS) will release its first quarter 2021 financial results on May 10, 2021, prior to the U.S. market opening. A webcast will follow at 10 a.m. ET to discuss these results, accessible at investor.viatris.com or via phone at 855.493.3607. Viatris formed in November 2020, merging Mylan and Pfizer's Upjohn. The company aims to improve global health access with a portfolio of over 1,400 approved molecules and operates in over 165 countries.
On March 8, 2021, Viatris (NASDAQ: VTRS) and Kindeva Drug Delivery announced the FDA granted tentative approval for the first generic version of Symbicort, budesonide/formoterol fumarate dihydrate. This approval, however, comes amid ongoing patent litigation with AstraZeneca, preventing immediate commercial launch. Despite significant U.S. sales of Symbicort, Viatris has not projected any revenue from this product for 2021. This milestone reflects the partnership's strength and Viatris’ commitment to advancing access to respiratory treatments.
Viatris Inc. (NASDAQ: VTRS) will participate in a virtual fireside chat at the Barclays Global Healthcare Conference on March 10, 2021, at 3:00 p.m. ET. Key executives including CEO Michael Goettler, President Rajiv Malik, and CFO Sanjeev Narula will address questions regarding the company. A live webcast can be accessed at investor.viatris.com, with an archived version available afterward. Viatris, formed in November 2020 from Mylan and Pfizer's Upjohn business, aims to enhance global healthcare access.
On March 1, 2021, Viatris Inc. (NASDAQ: VTRS) hosted its inaugural investor day, presenting its unique healthcare model aimed at enhancing shareholder value. CEO Michael Goettler emphasized a commitment to sustainability, financial stability, and growth through their Global Healthcare Gateway. Viatris expects 2021 to be a trough year, projecting $1 billion in synergies within three years and a dividend initiation in Q2 2021. The company plans to reduce $6.5 billion in debt by the end of 2023 and focus on improving free cash flow while building a diverse portfolio for global access to medicines.
Viatris announced its 2021 financial guidance, projecting revenues between $17.2 billion and $17.8 billion and adjusted EBITDA between $6.0 billion and $6.4 billion. The company aims for free cash flow of $2.0 billion to $2.3 billion, with a commitment to de-leveraging and enhancing cash flows. Viatris will initiate a dividend of at least 25% of free cash flow, expecting to pay approximately $400 million in dividends in 2021. A long-term leverage target of 2.5x is also set, with $6.5 billion in debt repayment anticipated by the end of 2023.
Viatris Inc. (NASDAQ: VTRS) announced a conference call for February 22, 2021, at 8 a.m. ET to discuss its 2021 financial guidance. The call can be accessed at (855) 493-3607 (US) or (346) 354-0950 (international) with ID# 3235536, as well as via their website. Additionally, Viatris will hold its first virtual Investor Day on March 1, 2021, starting at 8:30 a.m. ET, featuring key executives who will detail strategies for maximizing shareholder returns. The company emerged from the combination of Mylan and Pfizer's Upjohn business in November 2020.
Viatris Inc. (NASDAQ: VTRS) announced a favorable ruling from the U.S. District Court for the District of Kansas, granting summary judgment in favor of Mylan in its lawsuit against Sanofi regarding EpiPen products. The judgment dismisses Sanofi's allegations of anticompetitive practices and supports Mylan's defense against these claims. Over the past three years, Sanofi has unjustly sought damages and blamed Mylan for its own marketing failures with Auvi-Q, a product that Sanofi previously recalled due to dosage inaccuracies.
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