Mylan’s Growth Strategy: Diversification, Expansion And R&D Investment

The generic drug company will drive mid-term growth by investing in high-barrier-to-entry generics and biosimilars while diversifying into brand medicines and over-the-counter drugs. Management presented a strategy overview during an investor day March 1.

Mylan NV’s mid-term growth plan calls for doubling revenues coming from injectable drugs, dermatology products and over-the-counter drugs in five years, while continuing to expand in markets outside of North America. Injectable and OTC drugs are expected to become $2bn businesses by 2021, while dermatology is forecast to become a $1bn franchise.

CEO Heather Bresch, President Rajiv Malik and a parade of other leaders outlined the company’s mid-term strategy to investors during a

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