Mylan

Mylan NV could face decline in profitability in 2017 and 2018

Mylan NV faces decline in profitability in 2017 and 2018

Generic drug maker Mylan NV admitted on Wednesday that delays in the launch of some of its new drugs in addition to eroding prices for generics in the U.S. could hurt its profitability in 2017 as well as in 2018.

Due to uncertain U.S. regulatory environment, Mylan NV pushed back the launch of its key drugs in the U.S. to 2018.

David Maris, an analyst with Wells Fargo, said, “It’s clear they can’t achieve it. The fact they can’t make that tells you things must be bad. The $6 number has had a long and questionable history in my book.”

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Agila Specialties Recalls Etomidate Injection

Agila Specialties Recalls Etomidate Injection

Mylan Inc. subsidiary Agila Specialties has initiated nationwide recall of Etomidate injection manufactured at pharmaceutical facility in Warsaw, Poland. The company first informed about the recall on February 13.

The injections have possibility of containing small black particles. The intravenous administration of Etomidate could lead to infection, embolism or phlebitis. The injections are used for the induction of general anesthesia. The injections were marketed by Pfizer.

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