Drugmaker Mylan NV on Tuesday reported lower-than-expected quarterly revenue and...
- Drugmaker Mylan NV on Tuesday reported lower-than-expected quarterly revenue and failed to provide greater clarity on a potential revamp of the company’s strategy, sending its shares down 17 percent to a more than six-and-a-half year low.
But on a conference call with analysts on Tuesday Chief Executive Officer Heather Bresch declined to say when Mylan would announce its review results, saying it would be in the “near-term.” Mylan, which also reaffirmed its 2019 forecasts, said its quarterly revenue was hit by lower volumes and a stronger dollar.
Mylan said it does not expect price erosion in the generics market in the United States to accelerate in 2019.
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