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Viagra maker Viatris misses revenue estimates on weak demand for...

101.00 Pound £
Published date: September 25, 2024
  • Location: 86562, Hoa Murk, BY, United Arab Emirates
May 9 (Reuters) - Drugmaker Viatris narrowly missed first-quarter revenue estimates on Thursday, hurt by weak sales for its older drugs such as cholesterol medication Lipitor and Norvasc for high blood pressure.

Net sales in its branded drugs unit, which makes up two-thirds of the company's total revenues, also fell 4.5% to $2.31 billion.

Viatris, 비닉스 최저가 formed by the merger of Mylan and Pfizer's Upjohn business, makes generic and key branded drugs such as erectile dysfunction drug Viagra, anti-anxiety medication Xanax, epilepsy treatment Lyrica and arthritis treatment Celebrex.

The company last year agreed to divest its over-the-counter (OTC) drugs, active pharmaceutical ingredients (API) and women's health businesses. It said in February the expected timing of the deals closing will impact results for the next few quarters.

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