Mylan's (MYL) EpiPen Settlement is Credit-Negative Development - Moody's
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Mylan (MYL) Sued by Shareholder Over EpiPen Payments
October 11, 2016 12:12 PM EDTMylan (NASDAQ: MYL) shares are on watch after an investor sued the company over allegations that it made misstatements on payments made to government health-insurance programs with respect to its EpiPen product, according to Bloomberg.
The lawsuit was filed in Manhattan court Tuesday.
Shares of Mylan are down around 1 percent.
... MoreMylan's (MYL) EpiPen Settlement with DOJ Removes Key Risk Overhang - Fitch
October 10, 2016 2:21 PM EDTMylan's (Nasdaq: MYL) $465 million settlement of claims it had misclassified its EpiPen injector allays the otherwise significant risk of rebate recoup payments to Medicaid agencies related to the recent EpiPen scrutiny, according to Fitch Ratings. The firm remains subject to other government-related investigations, however.
Mylan announced last week a settlement with the federal government to "resolve questions that have been raised about the classification of EpiPen ... for purposes of the Medicaid Drug Rebate Program," according to a Mylan statement. Mylan had been accused of misclassifying EpiPen as a non-innovator multiple-source (or... More
Mylan (MYL): Don't Get Too Excited - RBC
October 10, 2016 7:24 AM EDTRBC Capital analyst, Randall Stanicky, reiterated his Sector Perform rating on shares of Mylan (NASDAQ: MYL) as the DOJ Epipen settlement removes the immediate overhang but notes that questions will linger on the P&L outlook. On Friday after the close MYL announced a... More
Mylan to pay $465 million over EpiPen Medicaid rebate dispute
October 7, 2016 5:04 PM EDTBy Deena Beasley
(Reuters) - Mylan NV (NASDAQ: MYL) on Friday said it will pay $465 million to settle questions of whether it underpaid U.S. government healthcare programs by misclassifying its EpiPen emergency allergy treatment, which has come under intense scrutiny after a series of drastic price increases.
Mylan has been lambasted by consumers and lawmakers for raising prices on the lifesaving EpiPen sixfold to over $600 for a package of two in less than a decade, making the devices unaffordable for a growing number of families.
Lawmakers were trying to... More
Mylan (MYL) Surges on DOJ EpiPen Medicaid Rebate Settlement
October 7, 2016 5:01 PM EDTMylan (NASDAQ: MYL) is trading up 9% after-hours Friday after the company it agreed to the... More
Mylan (MYL) to Pay $465M to Settle EpiPen Medicaid Rebate Classification; Lowers FY16 Outlook
October 7, 2016 4:53 PM EDTMylan N.V. (NASDAQ: MYL) today announced that its subsidiary, Mylan Inc., has agreed to the terms of a $465 million settlement with the U.S. Department of Justice ("DOJ") and other government agencies that will resolve questions that have been raised about the classification of EpiPen® Auto-Injector and EpiPen Jr® Auto-Injector (collectively, "EpiPen Auto-Injector") for purposes of the Medicaid Drug Rebate Program.
The terms of the settlement do not provide for any finding of wrongdoing on the part of Mylan Inc. or any of its affiliated entities or personnel. The question in the... More
