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VTRS SECURITIES UPDATE: Viatris Inc. Investors with Losses may have been affected by Fraud – Contact BFA Law by June 3 Court Deadline (NASDAQ:VTRS)
GlobeNewswire News Room· 2025-05-07 12:48
Core Viewpoint - A lawsuit has been filed against Viatris Inc. and certain senior executives for potential violations of federal securities laws, stemming from misleading statements regarding the company's operational conditions and the impact of a failed FDA inspection [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Western District of Pennsylvania, titled Quinn v. Viatris Inc., et al., No. 25-cv-466, with investors having until June 3, 2025, to seek lead plaintiff status [2]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Viatris securities [2]. Group 2: Company Background and Allegations - Viatris is a global healthcare company that provides medicines to approximately 1 billion patients across over 165 countries [3]. - The complaint claims that Viatris misrepresented its facilities as being in "good operating condition" and suitable for their intended purposes, while downplaying the significance of a Warning Letter issued by the FDA following a failed inspection at its Indore, India facility [3][4]. Group 3: Financial Impact - The failed FDA inspection has had a substantial negative impact on Viatris's financial results, hindering the company from manufacturing and distributing key products, including Lenalidomide [4]. - In the Q4 2024 results released on February 27, 2025, Viatris disclosed that the failed inspection would reduce 2025 revenue by approximately $500 million and earnings from operations by about $385 million [5]. - Following this announcement, Viatris's stock price fell roughly 15%, from $11.24 per share on February 26, 2025, to $9.53 per share on February 27, 2025 [5].
Viatris Announces Quarterly Dividend
Prnewswire· 2025-05-07 10:59
PITTSBURGH, May 7, 2025 /PRNewswire/ -- Viatris Inc. (Nasdaq: VTRS) today announced that on May 5, 2025, its Board of Directors declared a quarterly dividend of $0.12 per share for each issued and outstanding share of the Company's common stock. The dividend is payable on June 16, 2025, to shareholders of record as of the close of business on May 23, 2025. About Viatris Viatris Inc. (Nasdaq: VTRS) is a global healthcare company uniquely positioned to bridge the traditional divide between generics and brands ...
Viatris Announces Appointments of Frank D'Amelio and Michael Severino, M.D., to the Company's Board of Directors
Prnewswire· 2025-05-05 20:30
Core Viewpoint - Viatris Inc. is undergoing a Board refreshment process, announcing the retirement of directors Rajiv Malik and Harry Korman, and the appointment of Frank D'Amelio and Michael Severino, M.D. to its Board of Directors [1][7][10] Group 1: Board Changes - Frank D'Amelio and Michael Severino, M.D. have been appointed as new members of Viatris' Board of Directors [1][2] - Rajiv Malik and Harry Korman will retire from the Board at the end of their current terms in December 2025 [1][10] Group 2: New Board Members' Background - Frank D'Amelio has 20 years of experience as a public company CFO, most recently at Pfizer, where he oversaw corporate finance functions and global supply during the COVID-19 pandemic [3][4] - Michael Severino, M.D. is currently the CEO of Tessera Therapeutics and has held significant roles at AbbVie and Amgen, focusing on drug development and management [5][6] Group 3: Statements from Leadership - Melina Higgins, Chair of Viatris' Board, expressed enthusiasm for the new appointments, highlighting their extensive experience in the pharmaceutical industry [7] - Scott A. Smith, CEO of Viatris, emphasized the value of D'Amelio's financial expertise and Severino's drug development background for the company's future [7][8] Group 4: Company Overview - Viatris Inc. is a global healthcare company that aims to bridge the gap between generics and brands, providing access to high-quality medicines for approximately 1 billion patients annually [9]
Shareholders of Viatris Inc. Should Contact Levi & Korsinsky Before June 3, 2025 to Discuss Your Rights – VTRS
GlobeNewswire News Room· 2025-05-05 17:49
NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Viatris Inc. ("Viatris" or the "Company") (NASDAQ: VTRS) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Viatris investors who were adversely affected by alleged securities fraud between August 8, 2024 and February 26, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/viatris-inc-lawsuit-submission- ...
SHAREHOLDER ALERT: Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Viatris Inc. (NASDAQ: VTRS)
GlobeNewswire News Room· 2025-05-05 16:15
NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces that a complaint has been filed in the United States District Court for the Western District of Pennsylvania on behalf of investors who purchased or acquired the securities of Viatris, Inc. (“Viatris” or the “Company”) (NASDAQ: VTRS) between August 8, 2024 and February 26, 2025, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of i ...
VTRS SECURITIES ALERT: Lose Money on Viatris Inc.? Contact BFA Law by June 3 about Pending Class Action (NASDAQ:VTRS)
GlobeNewswire News Room· 2025-05-05 11:48
Core Viewpoint - A lawsuit has been filed against Viatris Inc. and certain senior executives for potential violations of federal securities laws, stemming from misleading statements regarding the company's operational status and the impact of a failed FDA inspection on its financial results [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Western District of Pennsylvania, titled Quinn v. Viatris Inc., et al., No. 25-cv-466, with investors having until June 3, 2025, to seek lead plaintiff status [2]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Viatris securities [2]. Group 2: Company Background and Allegations - Viatris is a global healthcare company that provides medicines to approximately 1 billion patients across over 165 countries [3]. - The complaint claims that Viatris misrepresented the condition of its facilities, stating they were in "good operating condition" and suitable for their intended purposes, while downplaying the significance of a Warning Letter from the FDA following a failed inspection at its Indore, India facility [3][4]. Group 3: Financial Impact - The failed FDA inspection has had a substantial negative impact on Viatris's financial results, preventing the company from manufacturing and distributing key products, including Lenalidomide [4]. - In the Q4 2024 results released on February 27, 2025, Viatris disclosed that the inspection's negative impact would reduce 2025 revenue by approximately $500 million and earnings from operations by about $385 million [5]. - Following this announcement, Viatris's stock price fell roughly 15%, from $11.24 per share on February 26, 2025, to $9.53 per share on February 27, 2025 [5].
The Gross Law Firm Notifies Shareholders of Viatris Inc.(VTRS) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-05-05 09:45
NEW YORK, May 5, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Viatris Inc. (NASDAQ: VTRS).Shareholders who purchased shares of VTRS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/viatris-inc-loss-submission-form-2/?id=146606&from=4 CLASS PERIOD: August 8, 2024 to February ...
ROSEN, LEADING INVESTOR COUNSEL, Encourages Viatris Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – VTRS
GlobeNewswire News Room· 2025-05-04 12:46
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Viatris Inc. securities between August 8, 2024, and February 26, 2025, of the June 3, 2025, deadline to become lead plaintiffs in a class action lawsuit [1] Group 1: Class Action Details - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by June 3, 2025, to serve as lead plaintiff [2] - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3] Group 2: Case Background - The lawsuit alleges that during the Class Period, Viatris provided misleading information regarding the failed inspection of its Indore, India facility, including the issuance of an FDA warning letter that affected the shipment of eleven products [4] - Defendants allegedly downplayed the impact of the warning letter as a "minor headwind" while concealing material adverse facts about its financial implications [5] - The lack of disclosure regarding the inspection timeline, remediation efforts, and the financial impact led to investors purchasing Viatris securities at artificially inflated prices, resulting in damages when the true details emerged [5]
VTRS FRAUD NOTICE: Viatris Inc. (NASDAQ:VTRS) Investors may have been affected by Fraud -- Contact BFA Law by June 3 Court Deadline
GlobeNewswire News Room· 2025-05-03 11:18
Core Viewpoint - A lawsuit has been filed against Viatris Inc. and certain senior executives for potential violations of federal securities laws, stemming from misleading statements regarding the company's operational conditions and the impact of a failed FDA inspection on its financial performance [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Western District of Pennsylvania, titled Quinn v. Viatris Inc., et al., No. 25-cv-466, with investors having until June 3, 2025, to seek lead plaintiff status [2]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Viatris securities [2]. Group 2: Company Background and Allegations - Viatris is a global healthcare company that provides medicines to approximately 1 billion patients across over 165 countries [3]. - The complaint claims that Viatris misrepresented the condition of its facilities, stating they were in "good operating condition" and suitable for their intended purposes, while downplaying the significance of a Warning Letter from the FDA following a failed inspection at its Indore, India facility [3][4]. Group 3: Financial Impact - The failed FDA inspection has had a substantial negative impact on Viatris's financial results, preventing the company from manufacturing and distributing key products, including Lenalidomide [4]. - In its Q4 2024 results released on February 27, 2025, Viatris disclosed that the failed inspection would lower 2025 revenue by approximately $500 million and earnings from operations by approximately $385 million, leading to a stock price decline of about 15% on the day of the announcement [5].
Viatris Q1 Earnings Release: What's in Store for the Stock?
ZACKS· 2025-05-02 18:20
Core Viewpoint - Viatris (VTRS) is set to report its first-quarter 2025 results on May 8, 2025, with revenue estimates at $3.24 billion and earnings at $0.50 per share [1] Group 1: Revenue Performance by Segment - Growth in Developed Markets is expected to be driven by strong new product performance and generics, with revenue estimates at $1.9 billion [2][3] - Emerging Markets are likely to see growth from the expansion of the cardiovascular portfolio in Latin America and key markets like Turkey, India, and Brazil, with revenue estimates at $480 million [4] - Sales in JANZ (Japan, Australia, and New Zealand) are anticipated to be negatively impacted by government price regulations, with revenue estimates at $309 million [5] - Greater China may experience revenue growth due to demand for chronic disease management products, with estimates at $553 million [6] Group 2: Brand and Generic Performance - The brand business constitutes the majority of Viatris' portfolio, benefiting from cardiovascular portfolio expansion in Latin America and strong growth in Europe and Greater China [7] - Operating expenses are expected to rise due to investments in new product launches and R&D progress [7] Group 3: Stock Performance and Earnings History - Viatris' shares have declined by 31.2% over the past year, contrasting with a 1% decline in the industry [8] - The company has a mixed earnings surprise history, beating estimates in two of the last four quarters and missing in the other two, with an average surprise of 1.26% [9] Group 4: Earnings Prediction Model - The current model does not predict an earnings beat for Viatris, as it has a Zacks Rank of 4 (Sell) despite an Earnings ESP of +3.31% [10][11]