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MYL

Mylan

$38.12

-0.35 (-0.91%)

13:36
10/03/16
10/03
13:36
10/03/16
13:36

Lawmakers seek explanation from Mylan CEO on EpiPen profit calculations

House Oversight and Government Reform Committee Chairman Jason Chaffetz and ranking member Elijah Cummings announced they sent a letter to Mylan CEO Heather Bresch requesting information related to the company's EpiPen profit margins. The letter reads, in part: "This week... the Committee learned that your testimony omitted key tax assumptions that affect the company's profit per pack. Specifically, neither your testimony, nor the documents Mylan produced to the Committee, clearly disclosed that the company's profit claim was calculated after factoring in the statutory U.S. tax rate... Failing to disclose tax assumptions that formed the basis for the $100 profit per pack claim, despite opportunities to do so before and during the hearing, raises questions." Reference Link

  • 07

    Oct

  • 28

    Mar

MYL Mylan
$38.12

-0.35 (-0.91%)

09/22/16
LEER
09/22/16
NO CHANGE
LEER
Outperform
No tangible outcomes likely to result from Mylan EpiPen hearing, says Leerink
Leerink analyst Jason Gerberry believes no tangible outcomes are likely to result from the House Committee Hearing on Mylan's EpiPen. Nonetheless, the analyst highlights that CEO Heather Bresch stated at the hearing that the company has invested in a new formulation of EpiPen, with a 24-month shelf life versus the current 12-month. Gerberry believes this is a relatively modest benefit and says he is skeptical the line extension will be able to preserve meaningful share if/when an AB-rated generic gets approved. The analyst reiterates an Outperform rating on the shares.
09/22/16
ARGS
09/22/16
NO CHANGE
ARGS
Mylan weakness creates good entry point, says Argus
After Mylan's stock fell 17% over the last month, Argus analyst Jacob Kilstein thinks that the stock has reached an attractive entry point, He says that the company's new generic EpiPen will cannibalize branded sales but should help it beat upcoming generic competitors. He thinks that the stock is undervalued and keeps a Buy rating on the stock.
09/23/16
BERN
09/23/16
NO CHANGE
BERN
Mylan generic Epipen to lower EPS by about 10%, says Bernstein
Bernstein analyst Aaron Gal estimates that Mylan's decision to introduce a generic version of its EpiPen will create a drag of about 10% on its EPS. After viewing the Congressional hearings on the device, Gal continues to believe that a competitor to EpiPen will hit the market before the end of 2018. He keeps a $60 price target and Outperform rating on Mylan.
09/30/16
LEER
09/30/16
NO CHANGE
Target $45
LEER
Outperform
Mylan price target cut to $45 on lower EpiPen estimates at Leerink
Leerink analyst Jason Gerberry lowered his EpiPen sales forecasts by 33-45% from 2017-2021 in light of recent company updates, including its plan to launch an authorized generic of the emergency treatment later this year. While Mylan "appears on the right side of the law" regarding the latest Medicaid rebate controversy, Gerberry believes investors should consider the risk of a future settlement related to the issue. He cut his price target on Mylan shares to $45 from $55, but keeps an Outperform rating on the stock as he sees cash flows being sufficient to justify the current price.

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ZEN

Zendesk

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  • 08

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CX

CEMEX

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SRNE

Sorrento Therapeutics

$5.15

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  • 06

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MBRX

Moleculin Biotech

$2.63

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  • 06

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NEOG

Neogen

$61.59

-1.46 (-2.32%)

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RRC

Range Resources

$36.36

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EOG

EOG Resources

$103.74

-1.01 (-0.96%)

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  • 13

    Dec

HMST

HomeStreet

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UMBF

UMB Financial

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, IM

Ingram Micro

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IM

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GMED

Globus Medical

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AIXG

Aixtron

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DB

Deutsche Bank

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  • 10

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ALB

Albemarle

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  • 16

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FOR

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FANG

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OSIR

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STOR

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CARB

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GIB

CGI Group

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