Viatris leans in on brand drug portfolio for future growth
Viatris, the biopharma formed by the merger of generic giants Mylan and Pfizer’s Upjohn, is leaning into its branded products. Its growth strategy includes doubling down on brand management along with an anticipated $500 million-plus in new product launch sales this year, said president Rajiv Malik during its Q1 earnings on Monday.
Brands accounted for two-thirds of its sales in the quarter at $2.4 billion, led by Lipitor ($418 million), Norvasc ($203 million), Lyrica ($144 million) and Viagra ($115 million), although all four brands recorded declines year over year. Generic sales notched $1.16 billion in sales for the quarter.
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