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Viatris Share Price Plunges Amid Weak 2021 Financial Guidance

Adjusted EBITDA Expectations Approximately $1bn Lower Than Expected

 
• By Dean Rudge

Viatris’ share price closed the day nearly 15% down after announcing weaker than anticipated revenue, adjusted EBITDA and cash flow guidance for 2021. The market reacted strongly to the company’s expectations and ambitions, with management continuing to stress the strength of the combined Mylan and Upjohn businesses.

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Viatris is confident that 2021 will be its trough year, though some analysts continue to be skeptical. • Source: Shutterstock

Viatris’ share price opened nearly 10% lower as the recently-formed generics and biosimilars giant announced weaker than anticipated financial guidance for 2021, with one analyst declaring that the figures “highlight the rapid and difficult underlying deterioration” in both Mylan and the Upjohn mature brands and off-patent business.

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