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News Breaks
February 13, 2013
16:18 EDTMYLMylan announces agreement with Biocon for collaboration on insulin products
Mylan (MYL) announced that it has entered into a definitive agreement with Biocon Limited for an exclusive strategic collaboration on the development and commercialization of generic versions of three insulin analog products. Under the terms of this collaboration, Mylan will have the rights to develop and market Biocon's Glargine, the generic version of Sanofi's (SNY) Lantus, Lispro, the generic version of Eli Lilly's (LLY) Humalog, and Aspart, the generic version of Novo Nordisk's (NVO) NovoLog. Mylan and Biocon will share development, capital and certain other costs to bring the products to market. Reported worldwide net sales of Lantus, Humalog and NovoLog for 2012 were approximately $11.5B.
News For MYL From The Last 14 Days
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March 30, 2015
09:27 EDTMYLOn The Fly: Pre-market Movers
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09:15 EDTMYLTeva does not rule out bigger deal if opportunity arises
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09:02 EDTMYLMylan slips amid Abbott share sale, Teva deal for Auspex
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06:34 EDTMYLMylan files to sell 35M shares of stock for Abbott Laboratories subsidiaries
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March 27, 2015
07:45 EDTMYLFDA to hold a public meeting
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07:25 EDTMYLTeva appears to be weighing transformative deal, says Bernstein
After attending Teva's (TEVA) meeting with investors, Bernstein thinks that the company is considering making a 'transformative' acquisition, although it believes that such a deal may not be imminent. The firm sees Mylan ((MYL) and the generic units of Actavis (ACT), Pfizer (PFE), and possibly Valeant (VRX) as the four logical candidates. It says that Teva can pay $81 per share for Mylan, and that a takeover of Mylan would raise Teva's EPS to about $6.50 in 2017 and $7 in 2018. Bernstein raised its price target on Teva to $69 from $60 and keeps an Outperform rating on the shares.
March 17, 2015
08:34 EDTMYLInSite Vision announces settlement of lawsuit against Mylan
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March 16, 2015
10:28 EDTMYLOptions with increasing implied volatility
Options with increasing implied volatility: PVA NFLX BMRN DNOW MYL TEVA PEP GE

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