Viatris Completes All Previously Announced Divestitures With The Closing Of Its Over-The-Counter Business Divestiture

7/3/24 8:33:15 AM ET

Biotechnology: Pharmaceutical Preparations

Health Care

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Achievement of This Major Milestone Further Simplifies and Strengthens the Company and Positions Viatris to Achieve its Key Priorities and Accelerate Future Growth

PITTSBURGH, July 3, 2024 /PRNewswire/ -- Viatris Inc. (NASDAQ:VTRS), a global healthcare company, today announced that it has closed the divestiture of its Over-the-Counter (OTC) business to Cooper Consumer Health, a leading European over-the-counter drug manufacturer and distributor, bringing to substantial completion all previously announced divestitures.

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Recent Analyst Ratings for
$VTRS

Date	Price Target	Rating	Analyst
7/19/2024	$15.00	Buy	Jefferies
10/23/2023	$13.00 → $9.00	Neutral → Underperform	BofA Securities
6/23/2023	$11.00	Equal Weight → Underweight	Barclays
4/24/2023	$11.00	Overweight → Equal Weight	Barclays
2/17/2023	$16.00 → $14.00	Outperform → Market Perform	BMO Capital Markets
1/27/2023	$13.00 → $15.00	Hold → Buy	Jefferies
11/10/2022	$9.00 → $12.00	Sell → Neutral	UBS
11/8/2022	$10.00	Underweight → Neutral	Piper Sandler

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Viatris Reports Third Quarter Financial Results for 2024
PITTSBURGH, Nov. 7, 2024 /PRNewswire/ -- Total Revenues of $3.8 Billion and Operational Revenue Growth of ~3% on a Divestiture-Adjusted Basis Demonstrate Strength of Company's Base Business[1] Strong New Product Revenues of $133 Million Drove Growth Across Segments U.S. GAAP Net Earnings were $95 Million; Adjusted EBITDA Grew ~4% to $1.3 Billion on a Divestiture-Adjusted Basis; U.S. GAAP Diluted EPS was $0.08 per Share; Adjusted EPS Grew ~6% to $0.75 per Share on a Divestiture-Adjusted Basis[2] Repaid ~$1.9 Billion of Debt, Expects to Achieve its Long-Term Gross Leverage Target of ~3.0x by end of the Year[3] Entered into Exclusive Licensing Agreement for
11/7/24 6:59:00 AM ET
$VTRS
Biotechnology: Pharmaceutical Preparations
Health Care
Viatris Announces Third Quarter 2024 Dividend
PITTSBURGH, Nov. 5, 2024 /PRNewswire/ -- Viatris Inc. (NASDAQ:VTRS) today announced that on November 4, 2024, its Board of Directors declared a quarterly dividend of $0.12 per share for each issued and outstanding share of the Company's common stock. The dividend is payable on December 13, 2024, to shareholders of record as of the close of business on November 22, 2024. About Viatris Viatris Inc. (NASDAQ:VTRS) is a global healthcare company uniquely positioned to bridge the traditional divide between generics and brands, combining the best of both to more holistically address healthcare needs globally. With a mission to empower people worldwide to live healthier at every stage of life, we p
11/5/24 6:59:00 AM ET
$VTRS
Biotechnology: Pharmaceutical Preparations
Health Care
Viatris to Report Third Quarter 2024 Financial Results on November 7, 2024
PITTSBURGH, Sept. 16, 2024 /PRNewswire/ -- Viatris Inc. (NASDAQ:VTRS) will report its third quarter 2024 financial results on Thursday, November 7, 2024, before the open of the U.S. financial markets. Chief Executive Officer Scott A. Smith and other Company executives will host a webcast at 8:30 a.m. ET on the same date to discuss the results. Investors and the general public are invited to listen to a live webcast of the call at investor.viatris.com or by calling 844.308.3344 or 412.317.1896 for international callers. A replay of the webcast also will be available on the website. About ViatrisViatris Inc. (NASDAQ:VTRS) is a global healthcare company uniquely positioned to bridge the tradit
9/16/24 4:30:00 PM ET
$VTRS
Biotechnology: Pharmaceutical Preparations
Health Care

Viatris Reports Third Quarter Financial Results for 2024
PITTSBURGH, Nov. 7, 2024 /PRNewswire/ -- Total Revenues of $3.8 Billion and Operational Revenue Growth of ~3% on a Divestiture-Adjusted Basis Demonstrate Strength of Company's Base Business[1] Strong New Product Revenues of $133 Million Drove Growth Across Segments U.S. GAAP Net Earnings were $95 Million; Adjusted EBITDA Grew ~4% to $1.3 Billion on a Divestiture-Adjusted Basis; U.S. GAAP Diluted EPS was $0.08 per Share; Adjusted EPS Grew ~6% to $0.75 per Share on a Divestiture-Adjusted Basis[2] Repaid ~$1.9 Billion of Debt, Expects to Achieve its Long-Term Gross Leverage Target of ~3.0x by end of the Year[3] Entered into Exclusive Licensing Agreement for
11/7/24 6:59:00 AM ET
$VTRS
Biotechnology: Pharmaceutical Preparations
Health Care
Viatris Announces Third Quarter 2024 Dividend
PITTSBURGH, Nov. 5, 2024 /PRNewswire/ -- Viatris Inc. (NASDAQ:VTRS) today announced that on November 4, 2024, its Board of Directors declared a quarterly dividend of $0.12 per share for each issued and outstanding share of the Company's common stock. The dividend is payable on December 13, 2024, to shareholders of record as of the close of business on November 22, 2024. About Viatris Viatris Inc. (NASDAQ:VTRS) is a global healthcare company uniquely positioned to bridge the traditional divide between generics and brands, combining the best of both to more holistically address healthcare needs globally. With a mission to empower people worldwide to live healthier at every stage of life, we p
11/5/24 6:59:00 AM ET
$VTRS
Biotechnology: Pharmaceutical Preparations
Health Care
Viatris Named to Forbes' World's Top Companies for Women 2024 List
PITTSBURGH, Oct. 29, 2024 /PRNewswire/ -- Viatris Inc. (NASDAQ:VTRS), a global healthcare company, today announced that it has been named to Forbes' World's Top Companies for Women 2024 List. This award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. "At Viatris, diverse perspectives drive innovation and our ability to make an impact, as we empower people worldwide to live healthier at every stage of life," said Andrew Enrietti, Chief People Officer, Viatris. "Being recognized on Forbes' list of the World's Top Companies for Women 2024 demonstrates our focus on investing in our people and fostering diverse talent. This accolade
10/29/24 12:00:00 PM ET
$VTRS
Biotechnology: Pharmaceutical Preparations
Health Care

Viatris Appoints Rogerio Vivaldi Coelho, M.D., to Board of Directors
PITTSBURGH, June 3, 2024 /PRNewswire/ -- Viatris Inc. (NASDAQ:VTRS), a global healthcare company, today announced that as part of its ongoing Board refreshment efforts, Rogerio Vivaldi Coelho, M.D., has been appointed as the newest member of its Board of Directors. Dr. Vivaldi will serve as a member of the recently reestablished Science and Technology Committee of the Board of Directors. "We are pleased to welcome Dr. Vivaldi to our Board of Directors," said Melina Higgins, Chair of the Board, Viatris. "We believe his proven expertise and long track record of success will enhance the efforts of the Board across a range of areas, in particular with regards to our Science and Technology Commit
6/3/24 6:59:00 AM ET
$VTRS
Biotechnology: Pharmaceutical Preparations
Health Care
Viatris Appoints Corinne Le Goff as Chief Commercial Officer
PITTSBURGH, April 15, 2024 /PRNewswire/ -- Viatris Inc. (NASDAQ:VTRS), a global healthcare company, today announced that Corinne Le Goff has joined the company as Chief Commercial Officer and will become a member of the company's Executive Leadership Team, effective today. Le Goff is an accomplished biotechnology and pharmaceutical executive with more than 25 years of experience leading and building highly successful teams globally. She is a visionary and entrepreneurial leader with a strong scientific background and experience across multiple markets and therapeutic areas. Prior to joining Viatris, Le Goff was President and Chief Executive Officer of Imunon, a clinical-stage biotechnology
4/15/24 8:00:00 AM ET
$VTRS
Biotechnology: Pharmaceutical Preparations
Health Care
Viatris Continues its Preparations for Phase 2 of its Strategic Plan by Announcing the Appointment of Theodora "Doretta" Mistras as Chief Financial Officer, Effective March 1, 2024, and Philippe Martin as Chief R&D Officer
Company thanks Sanjeev Narula for his role in the successful execution of Viatris' Phase 1 strategy; Narula will support a smooth CFO transition prior to his departure on March 1, 2024 PITTSBURGH, Dec. 15, 2023 /PRNewswire/ -- Viatris Inc. (NASDAQ:VTRS), a global healthcare company, today announced that, as it prepares to enter Phase 2 of its strategic plan, Theodora "Doretta" Mistras has been appointed Chief Financial Officer (CFO) effective March 1, 2024, and Philippe Martin has been appointed Chief R&D Officer with immediate effect. Current Viatris CFO Sanjeev Narula, who h
12/15/23 4:45:00 PM ET
$VTRS
Biotechnology: Pharmaceutical Preparations
Health Care

Viatris Completes All Previously Announced Divestitures With The Closing Of Its Over-The-Counter Business Divestiture

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Director Korman Harry bought $61,252 worth of shares (4,403 units at $13.91), increasing direct ownership by 6% to 94,960 units (SEC Form 4)

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Officer Campbell Paul sold $346,686 worth of shares (26,925 units at $12.88), decreasing direct ownership by 18% to 126,901 units (SEC Form 4)

Director Korman Harry bought $61,252 worth of shares (4,403 units at $13.91), increasing direct ownership by 6% to 94,960 units (SEC Form 4)

Director Malik Rajiv sold $2,334,716 worth of shares (200,000 units at $11.67), decreasing direct ownership by 22% to 505,838 units (SEC Form 4)

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Amendment: SEC Form SC 13G/A filed by Viatris Inc.

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Viatris Reports Third Quarter Financial Results for 2024

Viatris Announces Third Quarter 2024 Dividend

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Viatris Appoints Corinne Le Goff as Chief Commercial Officer

Viatris Continues its Preparations for Phase 2 of its Strategic Plan by Announcing the Appointment of Theodora "Doretta" Mistras as Chief Financial Officer, Effective March 1, 2024, and Philippe Martin as Chief R&D Officer

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