Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Mylan Inc. (MYL - Analyst Report) recently announced that it has launched its generic version of Lupin Atlantis Holdings, S.A.'s Antara capsules (fenofibrate - 43 mg and 130 mg). The company started shipping the product following the receipt of final US Food and Drug Administration (FDA) approval.

Antara is approved as an adjunct to diet to reduce elevated LDL-C, total-C, triglycerides, and Apo B. It is also indicated to increase HDL-C in adults with primary hypercholesterolemia or mixed dyslipidemia and to reduce triglyceride (TG) levels in patients with severe hypertriglyceridemia.  Fenofibrate capsules generated US revenues of approximately $60 million for the 12 months ending Sep 30, 2012, as per data released by IMS Health.

As of Feb 25, 2012, Mylan had 184 abbreviated new drug applications (ANDAs) pending FDA clearance, targeting $80.7 billion in sales annually. Mylan believes that about 36 of these pending ANDAs are first-to-file opportunities, representing $21.1 billion in branded sales. The revenue figures are as per IMS Health for the 12 months ending June 30, 2012.

In Jan 2013, Mylan announced that it received final approval from the FDA TO market its generic versions of Merck & Co. Inc.'s (MRK - Analyst Report) Maxalt MLT and Maxalt tablets. They are indicated for the acute treatment of migraine with or without aura in adults.

Our Take

Mylan’s geographic reach and robust generic product portfolio are contributing to the company’s overall growth. Additionally, Mylan’s impressive generic pipeline is also encouraging.

However, we remain cautious of the company’s performance in the Europe, Middle East and Africa (EMEA) region.

Furthermore, as most of the large branded drugs are due to lose patent exclusivity within the 2017-2018 period, we have little visibility on the growth prospects of generic companies like Mylan beyond that timeframe.

Mylan carries a Zacks Rank #2 (Buy). Currently, pharma companies like Lannett Company, Inc. (LCI - Snapshot Report) and United Therapeutics Corporation (UTHR - Analyst Report) look more attractive with a Zacks Rank #1 (Strong Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%