Mylan 'get on it' . Maybe a shout out to Mylan s
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Posted On: 03/23/2020 10:04:47 AM
Re: Almost A Myth #22625
Mylan 'get on it' . Maybe a
shout out to Mylan specifically due to the coronavirus.
since they have manufacturing
capabilities of API in the states.
Sometimes its not about the money but helping people,
though I can see how UNVC investors may think there
may be a connection.
Dr. David Dalton
@DrDavidDalton1
Mylan Drug Company
Morgantown WVA
Get on it
Mylan sees potential for broad impact to generic drug industry from coronavirus
"Asked specifically about what exposure Mylan may have in China, President and Executive Director Rajiv Malik said the company's top 20 to 25 products are unlikely to be impacted. The pharmaceutical industry as a whole, however, relies on China for the production of active pharmaceutical ingredients, or APIs, which form the building blocks of medicines.
"From a supply chain point of view, I think the whole industry is in one way or another connected with China," said Malik. "But you would expect us to be much better placed because of our back order integration and very diversified supply chain."
Malik said Mylan has back ups for its APIs and alternative arrangements that should soften any impact.
"I don't see any impact in the very near future. But if this situation persists and continues for another few months, there can be impact," Malik said.
Coury disagreed with recent analyst reports that some companies might have a larger impact than others from coronavirus-related drug shortages. Moody's, for instance, said in a Feb. 12 report that companies that manufacture or source products in China will see negative implications from the outbreak. The firm noted that Mylan specifically has manufacturing facilities in the U.S. and Europe, and therefore could see a boost with raised prices if their competitors are sidelined."
https://www.spglobal.com/marketintelligence/e...s-57337368
shout out to Mylan specifically due to the coronavirus.
since they have manufacturing
capabilities of API in the states.
Sometimes its not about the money but helping people,
though I can see how UNVC investors may think there
may be a connection.
Dr. David Dalton
@DrDavidDalton1
Mylan Drug Company
Morgantown WVA
Get on it
Mylan sees potential for broad impact to generic drug industry from coronavirus
"Asked specifically about what exposure Mylan may have in China, President and Executive Director Rajiv Malik said the company's top 20 to 25 products are unlikely to be impacted. The pharmaceutical industry as a whole, however, relies on China for the production of active pharmaceutical ingredients, or APIs, which form the building blocks of medicines.
"From a supply chain point of view, I think the whole industry is in one way or another connected with China," said Malik. "But you would expect us to be much better placed because of our back order integration and very diversified supply chain."
Malik said Mylan has back ups for its APIs and alternative arrangements that should soften any impact.
"I don't see any impact in the very near future. But if this situation persists and continues for another few months, there can be impact," Malik said.
Coury disagreed with recent analyst reports that some companies might have a larger impact than others from coronavirus-related drug shortages. Moody's, for instance, said in a Feb. 12 report that companies that manufacture or source products in China will see negative implications from the outbreak. The firm noted that Mylan specifically has manufacturing facilities in the U.S. and Europe, and therefore could see a boost with raised prices if their competitors are sidelined."
https://www.spglobal.com/marketintelligence/e...s-57337368
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