Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Tribune News Service
Tribune News Service
Business
Patricia Sabatini

Mylan's third quarter takes hit from proposed EpiPen settlement

Mylan reported a loss of $119.8 million in the third quarter vs. a profit of $428.6 million a year earlier, reflecting the proposed $465 million settlement with the U.S. Justice Department over the generic drugmaker's EpiPen allergy injector.

Per-share results showed a loss of 23 cents vs. a profit of 83 cents last year.

Excluding litigation costs and other adjustments, per-share profits were $1.38, down 3 percent from a year earlier and below Wall Street's consensus estimate of $1.45 per share.

Revenue for the three months ended that Sept. 30 was $3.06 billion, up 13 percent from $2.7 billion.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.