Mylan posts quarterly profit compared to year-earlier loss
Reuters
Published Aug 06, 2020 06:53
(Reuters) - Mylan NV (O:MYL) reported a second-quarter profit on Thursday, helped in part by strong sales of its newly launched products such as asthma drug Wixela.
The drugmaker reported net earnings of $39.4 million, or 8 cents per share, in the three months ended June 30, compared to a loss of $168.5 million, or 33 cents per share, a year earlier.
Total revenue of the company, whose merger with Pfizer Inc's (N:PFE) off-patent branded drugs unit has been delayed by the pandemic, fell to $2.73 billion from $2.85 billion.
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Written By: Reuters
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