-
Mylan Surrenders Some Of Its Gains From EpiPen Settlement
Monday, October 10, 2016 - 11:51am | 206Mylan LV (NASDAQ: MYL) shares are trading higher by $3.00 (9 percent) at $38.94 in Monday's session. That's the good news for shareholders of the issue; the bad news is that it has backed off its high off the opening bell at $40.45. After the close on Friday, the company announced it...
-
Mylan Analysts Respond Positively Following EpiPen Classification Settlement
Monday, October 10, 2016 - 8:47am | 272Mylan NV (NASDAQ: MYL) over the weekend announced a $465 million settlement agreement with the Department of Justice over its EpiPen classification. The stock was up more than 11 percent to $40.13 in Monday's pre-market session. Several Wall Street analysts were quick to weigh in on the...
-
After-Hours: 2 Stocks On The Move On Another Slow Friday Afternoon
Saturday, October 8, 2016 - 6:22pm | 312U.S. stocks tumbled on Friday trading after U.S. jobs figures missed expectations while being conceived as strong enough to leave a possible rate hike before the year on the table. After the market closed, shares of Mylan NV (NASDAQ: MYL), which had lost 2.44 percent over the regular trading...
-
Epipen's Profits Are Actually A Lot Higher Than Mylan Originally Told Congress
Monday, September 26, 2016 - 12:03pm | 299Mylan NV (NASDAQ: MYL) CEO Heather Bresch told a U.S. congressional committee last week that the company makes a profit of around $100 for each package of EpiPen it sells. Bresch testified in front of the committee amid a scandal in which Mylan may have unjustifiably raised the price of its...
-
USA Today On EpiPen Saga: Calling It 'Controversial' Is Far From Haphazard
Friday, September 23, 2016 - 11:03am | 504Mylan NV (NASDAQ: MYL)'s EpiPen controversy, in which the company may have been unjustified in raising the cost of its life saving device over the years, is far from over. Even though Mylan's CEO Heather Bresch sat in front of a U.S. House Oversight panel this week to defend the company's business...
-
Controversy Pullback Offers Good Entry Point For Mylan
Thursday, September 22, 2016 - 10:16am | 364Argus’ Jacob Kilstein believes generic drug companies would “continue to benefit from the increased focus on cost-effective healthcare.” Kilstein maintains a Buy rating and a $55 price target on Mylan NV (NASDAQ: MYL). Attractive Entry Point The stock has declined 17 percent over...
-
Mylan's CEO Showed 'Very Little Empathy,' Bill George Says
Wednesday, September 21, 2016 - 2:37pm | 410Bill George, a Harvard Business School senior fellow and ex-chairman of Medtronic PLC (NYSE: MDT) has some harsh words for Mylan NV (NASDAQ: MYL)'s CEO Heather Bresch. Speaking as a guest on CNBC's "Squawk On The Street" on Wednesday, George said that Bresch could be in for a "rough time" as she is...
-
Mylan Investors Should Be Asking Where (And Who) Robert Coury Is
Tuesday, September 20, 2016 - 9:11am | 411Mylan NV (NASDAQ: MYL)'s CEO Heather Bresch could face the wrath of the U.S. Congress on Wednesday given the company's practice of boosting the price of its potential life-saving EpiPen. According to a Bloomberg report, Robert Coury, Bresch's boss, won't be taking the stand on Wednesday. Coury,...
-
Another Election Year View On Healthcare ETFs
Thursday, September 8, 2016 - 11:12am | 659Just two months away from Election Day, it is accurate and fair to say this presidential election year — as have previous ones — has been unkind to the healthcare sector. Election Year Blues The third-largest sector weight in the S&P 500 is lagging the benchmark U.S. equity index by...
-
MannKind Is 'Making Progress' On Its Alternative To Mylan's EpiPen, Report Says
Tuesday, August 30, 2016 - 3:50pm | 310Biopharmaceutical company MannKind Corporation (NASDAQ: MNKD) is "making progress" in developing a less costly alternative to Mylan NV (NASDAQ: MYL)'s EpiPen. According to Connecticut-based News Times, MannKind's local manufacturing facility employs around 150 people in the city and plays a key...
-
Mylan Announces $300 Version Of EpiPen
Monday, August 29, 2016 - 7:13am | 261Mylan NV (NASDAQ: MYL) disclosed that its American unit would unveil the first generic to EpiPen Auto-Injector at a cost of $300 per two-pack carton. This represented a discount over 50 percent to its list price or wholesale acquisition cost of the branded medicine. The company clarified that...
-
Pharma Companies Are Spending Millions To Sustain High Drug Prices
Sunday, August 28, 2016 - 11:20am | 595Pharmaceutical companies have been in the spotlight for quite some time now, mainly due to the price-gouging phenomenon. Mylan NV (NASDAQ: MYL) became the central actor in the latest of many chapters in this scandal story, after presidential candidate Hillary Clinton and the White House publicly...
-
Mylan Is Offering An EpiPen Savings Card, But A Lot Of People Will Still Get Screwed
Friday, August 26, 2016 - 2:19pm | 933It’s been a rough week for Mylan NV (NASDAQ: MYL). To stem the tide of criticism over price hikes of its EpiPen, CEO Heather Bresch went on CNBC Thursday to offer a "Savings Card" to consumers. That apparently was all Wall Street analysts needed to hear. Barclays said the...
-
Selling Pressure Continues For Mylan
Friday, August 26, 2016 - 11:04am | 425Mylan NV (NASDAQ: MYL) has been making the wrong kind of headlines this week. Democratic presidential nominee Hillary Clinton singled out Mylan for its 400 percent increase in the price of EpiPens in recent years. “It’s wrong when drug companies put profits ahead of patients, raising...
-
Mylan 'Took The Sting' Out Of The EpiPen Controversy
Thursday, August 25, 2016 - 1:37pm | 391Mylan NV (NASDAQ: MYL) has received overwhelming criticism, even inciting mention from Hillary Clinton, for increasing the price of its life-saving EpiPen product 400 percent while raising the Mylan CEO’s salary by 600 percent. Company shares have begun to rebound Thursday, however, due to...