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Sluggish Copaxone Rival And Delay To Generic Advair Hurt Mylan

 
• By Dave Wallace

Mylan has blamed a sluggish uptake for its Copaxone rival and a delay in FDA approval of its generic version of Advair Diskus for the firm’s sales suffering a 4% drop and EBITDA falling by 8% in 2018.

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Slower Than Expected Uptake For Glatiramer And A Delay To Wixela Inhub’s Approval Hit Mylan In 2018 • Source: Shutterstock

Lower-than-expected uptake for its generic version of Teva’s Copaxone (glatiramer acetate) and a delay to US Food and Drug Administration (FDA) approval of its rival to GlaxoSmithKline’s (GSK’s) Advair Diskus (fluticasone/salmeterol) threw a spanner in the works for Mylan in 2018, contributing to its sales falling by 4% to US$11.43 billion for the year and earnings before interest, tax, depreciation and amortization (EBITDA) falling by more than 8% to US$3.03 billion.

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