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Viatris Reaffirms FY23 Revenue Outlook, Declares Dividend - Update
(RTTNews) - While reporting financial results for the second quarter on Monday, healthcare company Viatris Inc. (VTRS) reaffirmed its total revenue guidance for the full-year 2023.
For fiscal 2023, the company continues to project total revenue between $15.5 billion and $16.0 billion. On average, nine analysts polled by Thomson Reuters expect the company to report revenues of $15.60 billion for the year.
The company also said its Board of Directors declared a quarterly dividend of $0.12 for each issued and outstanding share of the company's common stock, payable on September 15, 2023, to shareholders of record at the close of business on August 24, 2023.
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U.S. District Court Rules In Favor Of Merck In Patent Infringement Suit Against Viatris
Merck (MRK), known as MSD outside of the United States and Canada, announced Thursday that the U.S. District Court for the Northern District of West Virginia ruled in favor of the company in a patent infringement suit against Viatris, Inc. (VTRS) related to sitagliptin, an active ingredient in JANUVIA, JANUMET and JANUMET XR.
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Swiss Market Ends Moderately Lower
After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.
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