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Mylan Reveals First Steps For Viatris As Key Date Approaches

Q3 Results Published, Mylan’s Final Earnings Update

 
• By Dean Rudge

Presenting its last ever financial earnings as a standalone company, Mylan revealed plans to host an Investor Day in the first quarter of next year to discuss the strategic direction of Viatris, Mylan’s proposed combination with Pfizer’s Upjohn which is due to close later this month.

Businessman draws a statistical trend line
Details of Viatris' strategy will be provided at an Investor Day in Q1 • Source: Shutterstock

Mylan says it intends to provide details on Viatris’ strategy, including 2021 guidance, at an upcoming Investor Day to be held in late February or early March next year, following the anticipated closure of the firm’s proposed combination with Pfizer’s Upjohn off-patent and mature brands business on 16 November.

“At that time, the management team will outline how Viatris can deliver on its stated commitments and roadmap to maximize value creation, including the realization of $1bn in synergies and the generation of strong and accelerating free cash flows,” noted Mylan’s executive

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