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press release

July 27, 2021, 7:30 a.m. EDT

Mylan Wins Dismissal of Kansas EpiPen® Direct Purchaser Case

PITTSBURGH, July 27, 2021 /PRNewswire/ -- Viatris /zigman2/quotes/209413137/composite VTRS +0.91% today announced that the U.S. District Court for the District of Kansas granted Mylan's motion to dismiss in a lawsuit brought against it and Pfizer by KPH Healthcare Services, Inc. (KPH) on behalf of an asserted class of direct purchasers of EpiPen [®] products. The court agreed with the company's argument that KPH lacked the legal standing to assert the claims in its lawsuit and dismissed the case in its entirety with an option for KPH to file a limited amended complaint within 30 days.

The company is pleased with the Court's decision, as it has always maintained that its actions were completely lawful and pro-competitive. The company will continue to defend itself vigorously should there be any further proceedings in the case.

About Viatris

Viatris Inc. /zigman2/quotes/209413137/composite VTRS +0.91% is a new kind of healthcare company, empowering people worldwide to live healthier at every stage of life. We provide access to medicines, advance sustainable operations, develop innovative solutions and leverage our collective expertise to connect more people to more products and services through our one-of-a-kind Global Healthcare Gateway [®] . Formed in November 2020, Viatris brings together scientific, manufacturing and distribution expertise with proven regulatory, medical and commercial capabilities to deliver high-quality medicines to patients in more than 165 countries and territories. Viatris' portfolio comprises more than 1,400 approved molecules across a wide range of therapeutic areas, spanning both non-communicable and infectious diseases, including globally recognized brands, complex generic and branded medicines, a growing portfolio of biosimilars and a variety of over-the-counter consumer products. With a global workforce of approximately 45,000, Viatris is headquartered in the U.S., with global centers in Pittsburgh, Shanghai and Hyderabad, India. Learn more at viatris.com  and investor.viatris.com , and connect with us on Twitter at @ViatrisInc , LinkedIn  and YouTube

Forward-Looking Statements This press release includes statements that constitute "forward-looking statements." These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements may include statements about the outcome of litigation, and that the Company will continue to defend itself vigorously should there be any further proceedings in the case. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such statements. Factors that could cause or contribute to such differences include, but are not limited to: the scope, timing and outcome of these or any other ongoing legal proceedings and the impact of any such proceedings; the potential impact of public health outbreaks, epidemics and pandemics, including the ongoing challenges and uncertainties posed by the COVID-19 pandemic; the integration of Mylan N.V. and Pfizer Inc.'s Upjohn business (the "Upjohn Business"), which combined to form Viatris (the "Combination") and the implementation of our global restructuring initiatives being more difficult, time consuming or costly than expected, or being unsuccessful; the ability to achieve expected benefits, synergies and operating efficiencies in connection with the Combination or its restructuring initiatives within the expected timeframe or at all; actions and decisions of healthcare and pharmaceutical regulators; changes in healthcare and pharmaceutical laws and regulations in the U.S. and abroad; any regulatory, legal or other impediments to Viatris' ability to bring new products to market, including but not limited to "at-risk" launches; Viatris' or its partners' ability to develop, manufacture and commercialize products; the scope, timing and outcome of any ongoing legal proceedings and the impact of any such proceedings; any significant breach of data security or data privacy or disruptions to our information technology systems; risks associated with international operations, including our operations in China; the ability to protect intellectual property and preserve intellectual property rights; changes in third-party relationships; the effect of any changes in Viatris' or its partners' customer and supplier relationships and customer purchasing patterns; the impacts of competition; changes in the economic and financial conditions of Viatris or its partners; uncertainties and matters beyond the control of management; and the other risks Viatris' filings with the Securities and Exchange Commission. Viatris routinely uses its website at investor.viatris.com as a means of disclosing material information to the public in a broad, non-exclusionary manner for purposes of the SEC's Regulation Fair Disclosure (Reg FD). Viatris undertakes no obligation to update these statements for revisions or changes after the date of this release other than as required by law.

 

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SOURCE Viatris Inc.

COMTEX_390500742/2454/2021-07-27T07:30:19

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/zigman2/quotes/209413137/composite
US : U.S.: Nasdaq
$ 12.20
+0.11 +0.91%
Volume: 11.95M
Dec. 2, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
3.61%
Market Cap
$14.62 billion
Rev. per Employee
$265,360
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/zigman2/quotes/209413137/composite
US : U.S.: Nasdaq
$ 12.20
+0.11 +0.91%
Volume: 11.95M
Dec. 2, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
3.61%
Market Cap
$14.62 billion
Rev. per Employee
$265,360
loading...

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