Great expectations

May 11, 2012

PHARMACEUTICAL giant Mylan expects 2012 to be its best year to date in the company’s history, and has increased its guidance range to US$2.45 to US$2.55 in adjusted diluted earnings per share. “The increase in our guidance is a result of our continued strong operational performance,” said Mylan CEO Heather Bresch. Mylan also announced that its Board of Directors has approved the repurchase of up to US$500 million of the Company's common stock in the open market. “Given our current share price and the continued strong performance of our business, we believe that the repurchase represents an appropriate use of our capital and an opportunity to return value to our shareholders, while still maintaining significant financial flexibility for the right strategic opportunities," said Mylan Executive Chairman Robert Coury.

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Pharmacy Daily | Great expectations

Great expectations

Other recent headlines

PD breaking news – 2024 PSA MIMS Credentialed Pharmacist of the Year winner announced

Dementia body’s new face

Many stores still not stocking Naloxone

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES