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Mylan seeks to make virtue from complexity of pipeline

In building an extensive pipeline of complex products that includes biosimilars, small-molecule injectables and respiratory inhalers, Mylan believes it will deliver durable cash flows and a platform for growth. Aidan Fry examines the company’s plans.

As the generics industry struggles to come to terms with a consolidated US customer base applying severe pricing pressure, Mylan is keen to stress that it is “not just a US-based generics company”. Rather, the group used a recent investors’ day to highlight its broad geographic footprint across more than 160 countries and its diverse portfolio of generics, prescription brands and OTC products, delivered through a wide range of distribution channels.

“We have built tremendous diversity into our commercial, operational and scientific platforms,” insisted chief executive officer Heather Bresch. “The result is a durable business model that delivers consistent and reliable...

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