Welcome to our dedicated page for Viatris news (Ticker: VTRS), a resource for investors and traders seeking the latest updates and insights on Viatris stock.
Viatris Inc. reports developments for a global healthcare company with a portfolio spanning generics, established brands and innovative medicines. News commonly covers quarterly results, guidance, cash deployment, dividends, capital allocation and management changes, alongside product launches and pipeline updates across major therapeutic areas.
Company updates also include scientific presentations and regulatory actions tied to specific medicines and candidates, including Effexor in Japan, ophthalmology programs such as phentolamine ophthalmic solution and RYZUMVI, and an investigational low-dose estrogen combined hormonal contraceptive weekly patch. Viatris was formed through the combination of Mylan and Pfizer's Upjohn business and operates with global centers in the U.S., China and India.
Viatris Inc. (NASDAQ: VTRS) has reported meeting its 2022 adjusted guidance, with total revenues reaching $16.263 billion, despite the negative impact of the Biosimilars Transaction and acquired IPR&D. The company confirmed a 2023 revenue growth outlook compared to 2022, excluding the full-year effects of the biosimilars. It increased shareholder returns through $250 million in share repurchases and declared a quarterly dividend of $0.12 per share. Moreover, Viatris paid down approximately $3.3 billion in debt in 2022, contributing to a total reduction of $5.4 billion since 2021, while remaining on track with planned divestitures.
Viatris Inc. (NASDAQ: VTRS) will announce its fourth quarter and full year 2022 financial results on February 27, before U.S. markets open. The announcement will be followed by a webcast at 8:30 a.m. ET on the same day, featuring insights from CEO Michael Goettler, President Rajiv Malik, and CFO Sanjeev Narula. The public can access the live call through investor.viatris.com or by phone. Founded in November 2020, Viatris combines expertise in medicine distribution and sustainability, providing over 1,400 approved molecules in more than 165 countries.
Viatris shares the inspiring journey of Matt Klein, its senior director of global corporate communications, who began running marathons after being inspired by his sister in 2004. Since then, he has completed over 70 marathons and aims to run in all 50 U.S. states.
After the loss of his father in 2018, he took on a 200-mile run to honor him and has participated in three 200-mile races within four months. Klein has raised over $100,000 for charity through his running endeavors, highlighting the importance of community and resilience.
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Viatris Inc. (NASDAQ:VTRS) announced a $1 million donation to enhance global access to healthcare, food security, and water stewardship. The funds are allocated to four organizations: Direct Relief, World Central Kitchen, WaterAid, and World Food Program USA. Each organization will receive $250,000 to address pressing global challenges, including the impacts of COVID-19, climate change, and food insecurity. This initiative aligns with Viatris' commitment to the UN Global Compact and Sustainable Development Goals, emphasizing the role of businesses in fostering solutions to societal issues.
Viatris (NASDAQ: VTRS) has completed its acquisitions of Oyster Point Pharma and Famy Life Sciences, forming a new Eye Care Division. The total acquisition prices were approximately $415 million for Oyster Point Pharma and $280 million for Famy Life Sciences, with both transactions anticipated to generate at least $1 billion in sales by 2028. The new division aims to leverage combined expertise to enhance patient access and solidify Viatris' position in the global eye care market.
Viatris Inc. (NASDAQ: VTRS) has appointed Scott A. Smith and Elisha W. Finney to its board of directors, succeeding retiring members Neil Dimick and Ian Read. Scott Smith, formerly President at Celgene, brings extensive experience in the biotechnology sector, while Finney has a strong financial background from her tenure at Varian Medical Systems. Both new directors are expected to enhance Viatris' strategy for growth and innovation in the pharmaceutical sector. The changes come as the company prepares to advance to its second phase post-Combination in November 2020.
Viatris Inc. (NASDAQ: VTRS) will participate in the 41st Annual J.P. Morgan Healthcare Conference on January 11, 2023, in San Francisco. CEO Michael Goettler, President Rajiv Malik, and CFO Sanjeev Narula will represent the company. A presentation followed by a fireside chat is scheduled for 3 p.m. PST / 6 p.m. EST. Interested parties can access a live webcast at investor.viatris.com, with an archived version available later. Viatris empowers global health through access to medicines and innovative solutions.
On December 14, 2022, Viatris (NASDAQ: VTRS) announced a $1 million donation to enhance healthcare access, food security, and water stewardship worldwide. The contributions, allocated evenly to Direct Relief, World Central Kitchen, WaterAid, and World Food Program USA, align with the company's commitment to the UN Sustainable Development Goals. CEO Michael Goettler emphasized the importance of addressing global challenges such as the COVID-19 pandemic, climate change, and access disparities. This initiative reflects Viatris' mission to empower global health and well-being.
On December 14, 2022, Viatris Inc. (NASDAQ: VTRS) announced that its emissions reduction targets received approval from the Science Based Targets initiative (SBTi). The company aims to reduce absolute scope 1 and 2 greenhouse gas emissions by 42% by 2030, from a 2020 baseline, and absolute scope 3 emissions by 25% in the same timeframe. Viatris emphasized its commitment to sustainability, aligning its operations with climate science while ensuring reliable medicine supply. This initiative is part of Viatris' broader sustainability goals established earlier this year.