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$465 million DoJ settlement hits earnings
November 10, 2016
By: Kristin Brooks
Mylan 3Q Revenues: $3.1 billion (+13%) 3Q Loss: $119.8 million (earnings were $428.6 million 3Q15) YTD Revenues: $7.8 billion (+13%) YTD Earnings: $62.5 million (earnings were $653.1 million YTD15) Comments: Generics segment third party sales in the quarter were $2.6 billion, up 17%. Specialty segment sales were $418.7 million, down 4%. Loss in the quarter was primarily a result of the company’s $465 million settlement with the U.S. Department of Justice and other government agencies related to the classification of the EpiPen for purposes of the Medicaid Drug Rebate Program.
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