Viatris Share Price Plunges Amid Weak 2021 Financial Guidance
Adjusted EBITDA Expectations Approximately $1bn Lower Than Expected
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.
