Mylan

Founded in 1961, the company was located in an abandoned skating rink in White Sulphur Springs, West Virginia.{{cite news |last1=Dearment |first1=Alaric |title=Milan Puskar, co-founder of Mylan, dies |url=http://www.drugstorenews.com/article/milan-puskar-co-founder-mylan-dies |work=Drug Store News |date=October 10, 2011 |access-date=September 8, 2016 |archive-date=May 3, 2017 |archive-url=https://web.archive.org/web/20170503102747/http://www.drugstorenews.com/article/milan-puskar-co-founder-mylan-dies |url-status=dead }}{{Cite web|url=http://www.wvexecutive.com/a-tale-of-two-entrepreneurs/|title=A Tale of Two Entrepreneurs|website=www.wvexecutive.com|language=en-US|access-date=2018-07-01}} The facility was moved to Pennsauken, New Jersey in 1962,{{Cite book |url=https://books.google.com/books?id=bDubfivyILEC&q=Pennsauken+mylan&pg=PA7 |title=Mylan: 50 Years of Unconventional Success: Making Quality Medicine Affordable and Accessible |last1=Seaman |first1=John T. |last2=Landry |first2=John T.| date=2012-04-10 |publisher=UPNE |isbn=9781611682700}} to Princeton, West Virginia in 1963, and then Morgantown, West Virginia, in 1965, and in 1976 it relocated its corporate headquarters to the Pittsburgh suburb Canonsburg, Pennsylvania. Finally in 2004 it moved to a new office center in nearby Southpointe, a suburban business park located in the Pittsburgh suburb of Cecil Township.{{cite web| url=http://www.mylan.com/about_us/company_history.aspx| title=Mylan 50 years young and still making history| publisher=Mylan}}

On February 23, 1973, Mylan had its initial public offering (IPO),{{cite web|url=http://www.mylan.com/en/investors/stock-history#|title=MYL Stock History - Mylan|access-date=August 25, 2016}} when it became a publicly traded company on the OTC market under the ticker symbol MYLN. In 1976 the stock moved to the National Association of Securities Dealers Automated Quotations (NASDAQ). Their final stock move was in 1986, when their stock became available for trade on the New York Stock Exchange under the ticker symbol MYL. Prior to the Viatris combination, the stock was traded on the NASDAQ.

Mylan Pharmaceuticals was founded as a drug distributor in 1961 by Milan Puskar and Don Panoz. In 1966, the company began manufacturing penicillin G tablets as well as vitamins and other dietary supplements.

Panoz left the company in 1969 and Puskar quit the company in 1973, as it grew and experienced financial difficulties. The board hired Roy McKnight as board chairman, who convinced Puskar to return in 1976.

The company discontinued operating as a contract manufacturing organization in 1980 and instead chose to market their products under their own "Mylan-labeled" brand.{{Cite web| url=https://www.thepharmaletter.com/company/mylan-laboratories|title=Mylan Laboratories |website=www.thepharmaletter.com}}

With the passage of the Hatch-Waxman Act in 1984, the company and other small generic companies gained value; in the eighteen months following passage of the law the company's earnings grew 166% to $12.5 million and its stock value rose 800%.{{cite journal |last1=Lewis |first1=Ralph A. |title=The Emerging Effects of the Drug Price Competition and Patent Term Restoration Act of 1984| journal=Journal of Contemporary Health Law & Policy| date=1992| volume=8| issue=1| pages=361–378| pmid=10118987 |url=http://scholarship.law.edu/cgi/viewcontent.cgi?article=1539&context=jchlp}}

In the 1980s one of the most prescribed drugs in the US was Dyazide, a diuretic that was a combination drug containing triamterene and hydrochlorothiazide; it had been on the market since 1965 and its patents had expired in 1980.{{cite news | url=https://www.nytimes.com/1987/08/22/business/company-news-smithkline-loses-drug-exclusivity.html | title=COMPANY NEWS; SmithKline Loses Drug Exclusivity | agency=Reuters | work=The New York Times | date=August 22, 1987}} Complications arose with the introductions of generics versions, because the formulation of Dyazide resulted in variable batches that made it impossible for generic manufacturers to show that their versions were bioequivalent.{{cite journal|last1=Boehm| first1=Garth |last2=Yao|first2=Lixin| last3=Han|first3=Liang |last4=Zheng|first4=Qiang|title=Development of the generic drug industry in the US after the Hatch-Waxman Act of 1984|journal=Acta Pharmaceutica Sinica B |date=September 2013| volume=3|issue=5|pages=297–311|doi=10.1016/j.apsb.2013.07.004 |doi-access=free}}John Seaman and John T. Landry. Mylan 50 Years of Unconventional Success. Mylan, in association with University Press of New England, 2011. {{ISBN|9781611682700}}. [https://books.google.com/books?id=Q4OHtqPMjvYC&pg=PT50 Page 50]

Some generic companies committed fraud trying to bring a generic version of Dyazide. Bolar Pharmaceutical had the first generic version approved in 1987, but it turned out that Bolar had fraudulently substituted Dyazide for its own version to conduct studies that were submitted to the FDA. By 1989 the FDA rescinded its approval based on its suspicions and filed criminal charges against Bolar, to which Bolar eventually pled guilty in 1991.{{cite news|last1=Shaw|first1=Donna|title=U.s. Charges Bolar Pharmaceutical With Misrepresenting Its Products| url=http://articles.philly.com/1991-02-27/business/25775782_1_generic-drug-generic-drug-industry-bolar-pharmaceutical| archive-url=https://web.archive.org/web/20160916123933/http://articles.philly.com/1991-02-27/business/25775782_1_generic-drug-generic-drug-industry-bolar-pharmaceutical| url-status=dead| archive-date=September 16, 2016|work=Philadelphia Inquirer |date=February 27, 1991}}{{cite news |last1=Freudenheim |first1=Milt| title=Bolar Plans Guilty Plea On Generics |url=https://www.nytimes.com/1991/02/28/business/bolar-plans-guilty-plea-on-generics.html |work=The New York Times |date=February 28, 1991 | url-access=subscription}}

The company chose to develop a new version of a triamterene/hydrochlorothiazide combination drug instead of going the generic route; it developed a different, more stable formulation and used different dosages of each active ingredient (50 mg hydrochlorothiazide and 75 mg triamterene, compared with Dyazide's 25 mg hydrochlorothiazide and 50 mg triamterene). This drug had to get approval as a new drug, as opposed to a generic. Their product was called Maxzide and was approved in 1984.Pink Sheet October 22, 1984 [https://pink.pharmamedtechbi.com/PS007364/MYLANs-MAXZIDE-IS-APPROVABLE-AT-FDA-LEDERLE-TO-MARKET-BRAND-COMPETITION-TO-SMITHKLINEs-No-3RANKED-DYAZIDE-FINAL-APPROVAL-ANTICIPATED-IMMINENTLY Mylan's Maxzide is "Approvable" at FDA: Lederle To Market Brand Competition to Smithkline's No. 3-Ranked Dyazide; Final Approval Anticipated "Imminently"]FDA [http://www.accessdata.fda.gov/scripts/cder/drugsatfda/index.cfm?fuseaction=Search.Set_Current_Drug&ApplNo=019129&DrugName=MAXZIDE&ActiveIngred=HYDROCHLOROTHIAZIDE%3B%20TRIAMTERENE&SponsorApplicant=MYLAN%20PHARMS%20INC&ProductMktStatus=1&goto=Search.Label_ApprovalHistory Approval History NDA 019129: Maxzide] Page accessed September 8, 2016 The higher dose allowed once per day dosing, which the company and its marketing partner, Lederle, believed would help it compete against Dyazide, which had $210M in sales in 1983. However, the company's patents on the drug were declared invalid in court, and its marketing exclusivity expired in 1987, prompting a rush of generic competition.{{cite news| last1=Reid| first1=Kenneth| title=US Judge to Rule on Drug Marketing |url=https://www.joc.com/us-judge-rule-drug-marketing_19871117.html | work=The Journal of Commerce |date=November 17, 1987}}

The company had concerns about the practices of its competitors and the FDA in general, and also with regard to companies seeking to bring generic versions of Maxzide. The company hired private investigators to examine its competitors' practices, and when it found evidence of corruption, it submitted it to the House Oversight and Investigations Committee, which investigated and found fraud and corruption within the Food and Drug Administration's generic drugs division and at other generic companies.{{Cite news |url=https://www.nytimes.com/1989/09/10/business/exposing-the-fda.html |title=Exposing the F.D.A. |last=Freudenheim| first=Milt| date=September 10, 1989 |work=The New York Times | url-access=subscription}} Two of the companies that had gotten approval to market generic versions of Maxzide, Vitarine Pharmaceutical and Par Pharmaceutical, were targets of the company's initial investigation and were found to have used Maxzide to obtain their bioequivalence data, leading both companies to withdraw its generic competitor to Mylan's product.{{cite news| last1=Andrews | first1=Edmund L. |title=F.D.A. Inquiry on Generic Drugs Focuses on Changes in Ingredients |url=https://www.nytimes.com/1989/07/31/us/fda-inquiry-on-generic-drugs-focuses-on-changes-in-ingredients.html |work=The New York Times |date=July 31, 1989 | url-access=subscription}}

The corruption in the nascent generics industry and at the office in the FDA regulating it was widely covered in the media, and led to widespread concern among doctors and the public in the late 1980s and early 1990s that generic drugs were not really the same as the branded drugs they were meant to replace.{{cite news| last1=Strickland| first1=Carol|title=Bolar: A Drug Company Under Siege| url=https://www.nytimes.com/1989/10/15/nyregion/bolar-a-drug-company-under-siege.html | work=The New York Times |date=October 15, 1989 | url-access=subscription}}{{cite news|last1=Cimons| first1=Marlene |title=FDA to Lift OK of Last Dyazide Generic Version |url=https://www.latimes.com/archives/la-xpm-1989-08-29-mn-1184-story.html |work=Los Angeles Times |date=August 29, 1989 | url-access=subscription}}

In 1987, the company entered into a joint venture with Bolar to buy Somerset Pharmaceuticals; Mylan wanted access to Somersets' drug discovery capabilities as well as its new drug for Parkinson's, selegiline; the deal was completed in 1988 but its consummation was dependent on FDA approval of selegiline, which came in 1989.{{cite news |title=Bolar and Mylan Team to Purchase Somerset Labs |url=https://pink.pharmamedtechbi.com/PS014590/BOLAR-AND-MYLAN-TEAM-TO-PURCHASE-SOMERSET-LABS |work=Pink Sheet |date=November 14, 1988}}{{cite news|title=Somerset Eldepryl June 5 Approval Clears Way For Mylan/Bolar Acquisition| url=https://pink.pharmamedtechbi.com/PS015763/SOMERSET-ELDEPRYL-JUNE-5-APPROVAL-CLEARS-WAY-FOR-MYLANBOLAR-ACQUISITION| work=Pink Sheet |date=June 12, 1989}}

The company acquired Bertek Inc. in 1993 for its transdermal patch technologies, and kept it as a subsidiary. In 1999, the company renamed Bertek as Mylan Technologies Inc. (MTI).{{cite journal| last1=Ku |first1=Mannching Sherry |title=Recent trends in specialty pharma business model| journal=Journal of Food and Drug Analysis|date=December 1, 2015 |volume=23 |issue=4| pages=595–608|doi=10.1016/j.jfda.2015.04.008 |pmid=28911475 |pmc=9345453 |doi-access=free}} MTI eventually came to be the contract manufacturer for the selegiline transdermal patch and was the first company to market generic nitroglycerin, estradiol, clonidine, and fentanyl transdermal patches.

In 1996, the company acquired UDL Laboratories, a supplier of unit dose generic medications to institutional and long-term care facilities.

In 1998 when it was the world's second largest generics company, the company came under investigation from the Federal Trade Commission after it raised the prices of its products, tripling them in the case of lorazepam. The company had entered into an exclusive agreement with Profarmica, an Italian company that supplied drug ingredients, after which the company's competitors had higher prices and a diminished supply of raw ingredients for lorazepam and other drugs.{{cite news| last1=Labaton| first1=Stephen |title=A Drug Maker Is Said to Face A Suit on Prices |url=https://www.nytimes.com/1998/12/05/business/a-drug-maker-is-said-to-face-a-suit-on-prices.html| work=The New York Times |date=December 5, 1998 | url-access=subscription}} Before the round of price increases the price of generic drugs had been 5 - 10% of the price of branded drugs and afterwards it was around 50%. The FTC filed suit at the end of 1998 and 32 states filed parallel actions. The case was settled in 2000, with the company paying a total of $147M -- $100M in disgorged profits into a fund to reimburse consumers and state agencies that had overpaid, $8 million in attorney's fees to the State Attorneys General, $35 million, plus $4 million in attorney's fees, to settle certain class actions with insurers and managed care organizations—and Mylan and three ingredient suppliers (Cambrex Corporation, Profarmaco S.R.L., and Gyma Laboratories) also agreed to an injunction barring them from entering into similar anticompetitive agreements in the future.{{cite news|title=Press release: FTC Reaches Record Financial Settlement To Settle Charges of Price-fixing in Generic Drug Market {{!}} Federal Trade Commission |url=https://www.ftc.gov/news-events/press-releases/2000/11/ftc-reaches-record-financial-settlement-settle-charges-price|work=FTC|date=November 29, 2000}}{{cite news | url=https://www.nytimes.com/2000/07/13/business/generic-drug-maker-agrees-to-settlement-in-price-fixing-case.html |first=Stephen| last=Labaton |title =Generic-Drug Maker Agrees to Settlement In Price-Fixing Case |date=July 13, 2000 | work=The New York Times | url-access=subscription}}

In 2004, the company and King Pharmaceuticals began discussing a deal in which Mylan would acquire King for $4 billion; Mylan wanted to expand its presence in branded pharmaceuticals and to acquire King's sales force.{{cite news |last1=Creswell| first1=Julie| title=Icahn the Spoiler| url=https://money.cnn.com/magazines/fortune/fortune_archive/2005/03/21/8254845/index.htm | work=Fortune |date=March 21, 2005}} The deal was complicated by a number of factors, and included an SEC investigation into King's accounting and Carl Icahn obtaining a 9.8% interest in Mylan and becoming its largest stakeholder in order to kill the deal. The parties called off the deal in February 2005. Afterwards, Icahn offered to buy Mylan for $5.4 billion{{cite news |last1=Pollack| first1=Andrew| title=Icahn Offers $5.4 Billion for Mylan, Drug Maker| url=https://www.nytimes.com/2004/11/20/business/icahn-offers-54-billion-for-mylan-drug-maker.html | work=The New York Times |date=November 20, 2004 | url-access=subscription}} and nominated a slate of board members to change the direction of Mylan; he won three seats in May 2005.{{cite news |last=O'keefe | first=Eric| author-link=Eric O'Keefe | title=Icahn Slate Wins Seats on Blockbuster Board |url=https://www.nytimes.com/2005/05/12/business/icahn-slate-wins-seats-on-blockbuster-board.html |work=The New York Times |date=May 12, 2005 | url-access=subscription}} In June, the company bought back 25% of its shares in order to fend off Icahn.{{cite news |last1=Lazo |first1=Shirley A. |title=Survival Strategy| url=http://www.barrons.com/articles/SB111905080477763147| work=Barron's | url-access=subscription}} In July, Icahn gave up his bid and sold his shares.{{cite news |title=Icahn Drops Bid for Mylan |url=https://www.latimes.com/archives/la-xpm-2005-jul-19-fi-mylan19-story.html |work=Los Angeles Times | agency=Bloomberg News | date=July 29, 2005 | url-access=subscription}}

In January 2007, the company acquired a controlling interest in Matrix Laboratories, an Indian supplier of active pharmaceutical ingredients, for approximately $736 million, with the takeover including all of Matrix's subsidiary firms, for example Docpharma. It was at the time the largest-ever takeover in the Indian pharma industry{{cite news | title=US pharma major Mylan buys Matrix Labs| url=https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/us-pharma-major-mylan-buys-matrix-labs/articleshow/1933573.cms?from=mdr |date= 29 August 2006|access-date= 31 May 2022| work=The Economic Times}} and also gave access to markets in China, India, and Africa.{{cite news| title=Mylan Signs US$736-mil. Takeover Deal for India's Matrix Laboratories| url=https://www.ihs.com/country-industry-forecasting.html?ID=106599002| work=IHS | date=August 28, 2006}}{{cite news | title=Mylan's Acquisition of Matrix: Business Strategy Case Study| url=http://www.icmrindia.org/casestudies/catalogue/Business%20Strategy/BSTR279.htm | work=ICRM}}

In October 2007, the company acquired the generics division of Merck KGaA for $6.6 billion.{{cite news| last1=Massey |first1=Steve |title=Mylan buys Merck generic drug unit for $6.6 billion | url=https://www.post-gazette.com/business/businessnews/2007/05/13/Mylan-buys-Merck-generic-drug-unit-for-6-6-billion/stories/200705130184 |work=Pittsburgh Post-Gazette |date=May 13, 2007}}{{cite news | title=Press release: Mylan Completes Acquisition of Generics Business of Merck KGaA | url=http://newsroom.mylan.com/press-releases?item=122513 | work=Mylan | date=October 2, 2007 | access-date=September 8, 2016 | archive-date=June 19, 2018 | archive-url=https://web.archive.org/web/20180619113339/http://newsroom.mylan.com/press-releases?item=122513 | url-status=dead }}{{Cite news | url=http://www.pmlive.com/pharma_news/mylan_completes_acquisition_of_mercks_generic_unit_9105 | title=Mylan completes acquisition of Merck's generic unit | work=PM Live | date=September 30, 2008}} The company acquired the rights to market the EpiPen in the transaction. At that time annual sales were around $200 million and the EpiPen had about 90% of the market.{{cite news | last1=Johnson| first1=Carolyn Y. | last2=Ho | first2=Catherine| title=How Mylan, the EpiPen company, maneuvered to create a virtual monopoly| url=https://www.chicagotribune.com/business/ct-mylan-epipen-monopoly-20160825-story.html | work=The Chicago Tribune |date=August 25, 2016| url-access=subscription}}

In 2009, the company filed two lawsuits against the Pittsburgh Post-Gazette after the newspaper ran an article that was critical of the quality control procedures used at the company's Morgantown plant.{{cite news| last1=Adams | first1=Russell | title=Mylan Again Sues Pittsburgh Post-Gazette | url=https://www.wsj.com/articles/SB10001424052748704746304574505972491633900 | work=The Wall Street Journal |date=October 30, 2009 | url-access=subscription}}{{cite news |last1=Sabatini |first1=Patricia |last2=Boselovic |first2=Len| title=Mylan workers overrode drug quality controls Internal report detailed 'pervasive' practice of ignoring safety procedures| url=https://www.post-gazette.com/business/businessnews/2009/07/26/Mylan-workers-overrode-drug-quality-controls/stories/200907260233 | work=Pittsburgh Post-Gazette |date=July 26, 2009}} The company had earlier quality control issues involving the FDA.{{cite news |last=Edwards |first=Jim |title=It's Not Mylan's First Quality Control Beef With FDA |url=https://www.cbsnews.com/news/its-not-mylans-first-quality-control-beef-with-fda/ | work=CBS News |date=July 28, 2009}} The lawsuits were dropped in 2012 without any damages paid by the Post-Gazette, which stated "The Post-Gazette did not find and did not intend to report that Mylan had manufactured or distributed any defective drugs. The Post-Gazette regrets if any reader of the article thought otherwise."{{cite web | url=https://www.post-gazette.com/business/businessnews/2012/02/18/Drug-company-Mylan-Post-Gazette-resolve-lawsuits/stories/201202180486 | title=Drug company Mylan, Post-Gazette resolve lawsuits }}

Also in 2009, the company and its subsidiary UDL agreed to pay $118 million to settle a suit filed under the False Claims Act in which Mylan/UDL and two other companies were accused of underpaying states under the Medicaid Drug Rebate Program. The program requires drug companies to give rebates to states under Medicaid and the rebates are higher for new drugs than for generics; the suit said that the companies sold new drugs but paid rebates as if they were generics.{{cite press release | publisher=US Department of Justice | date=October 19, 2009 | url=https://www.justice.gov/opa/pr/four-pharmaceutical-companies-pay-124-million-submission-false-claims-medicaid | title=Four Pharmaceutical Companies Pay $124 Million for Submission of False Claims to Medicaid}}

In 2011, the company entered into an agreement with Pfizer for the exclusive worldwide rights to develop, manufacture and commercialize Pfizer's generic equivalent to GlaxoSmithKline's Advair (US)/Seretide (UK) Diskus incorporating Pfizer's proprietary dry powder inhaler delivery platform.{{cite web| url=http://www.drugstorenews.com/article/mylan-acquires-rights-pfizers-inhaler-technology| title=Mylan acquires rights to Pfizer's inhaler technology |work=drugstorenews.com |archive-url=https://web.archive.org/web/20150509122338/http://www.drugstorenews.com/article/mylan-acquires-rights-pfizers-inhaler-technology|archive-date=May 9, 2015|url-status=dead}} The company launched the product in the UK in 2015{{cite news| last1=Stanton| first1=Dan |title=GSK breathes freely as Mylan launches Seretide generic in UK | url=http://www.in-pharmatechnologist.com/Drug-Delivery/GSK-breathes-freely-as-Mylan-launches-Advair-generic-in-UK|work=in-Pharma Technologist |date=June 8, 2015}} and in February 2016 the FDA accepted its ANDA, putting it in line behind Hikma and Sandoz to launch a generic version in the US.{{cite news| last1=Helfand |first1=Carly| title=Mylan joins the Advair-copycat queue, but approval could be a long slog | url=http://www.fiercepharma.com/sales-and-marketing/mylan-joins-advair-copycat-queue-but-approval-could-be-a-long-slog| work=Questex |date=February 22, 2016}}

In 2012, the company launched a program called EpiPen4Schools to sell EpiPens in bulk and with discounts to schools. To participate in the program schools had to agree not to buy epinephrine autoinjectors from any other company for a year, a requirement which a company spokesperson said is no longer part of its program.{{cite news |last1=Swetlitz |first1=Ike |last2=Silverman| first2=Ed | title=Mylan may have violated antitrust law in its EpiPen sales to schools | url=https://www.pbs.org/newshour/rundown/mylan-may-violated-antitrust-law-epipen-sales-schools-legal-experts-say/ |work=PBS Newshour | date=August 26, 2016}}

In December 2012, the National Association of State Boards of Education launched a policy initiative designed to "help state boards of education as they develop student health policies regarding anaphylaxis and epinephrine auto-injector access and use," and advocated for state laws protecting schools from legal liability for stocking and using epinephrine autoinjectors. Gayle Manchin, the mother of the company's CEO, Heather Bresch, had become president of the association in 2010, and shortly after had discussed donations from her "daughter's company" to the association. Manchin had been appointed to the West Virginia state school board by her husband, then-governor of the state Joe Manchin, in 2007. In a statement, the company said, "There is no truth to the suggestion that the company's efforts were anything but straightforward or that we are aware of anyone advocating inappropriately for the right of schoolchildren to have access to potential life-saving medicine."{{cite news| last1=O'Donnell |first1=Jayne| title=Family matters: EpiPens had high-level help getting into schools| url=https://www.usatoday.com/story/news/politics/2016/09/20/family-matters-epipens-had-help-getting-schools-manchin-bresch/90435218/ |work=USA Today| date=September 21, 2016}}

After successful lobbying from the company, in 2013, the "School Access to Emergency Epinephrine Act" became law after passing Congress with broad and bipartisan support; it protected anyone from liability if they administered epinephrine to a child in a school (previously, only trained professionals or the affected person were allowed to administer the drug, and were open to liability), and it provided some financial incentives for schools that didn’t already stock epinephrine autoinjector to start stocking them.{{cite news| last1=Novak | first1=Matt| title=How Congress, the FDA, and Sarah Jessica Parker Helped EpiPen Become a $1 Billion Business |url=https://gizmodo.com/how-congress-the-fda-and-sarah-jessica-parker-helped-1785568792| work=Gizmodo |date=August 23, 2016}} Joe Manchin, the father of Mylan's CEO, was a senator at that time.

In 2013, the company acquired an Indian generic injectable drugs company, Agila Specialties Private, for $1.6 billion.{{cite news |last1=Thomas |first1=Katie |title=Mylan Buys Drug Maker of Generic Injectables| url=https://dealbook.nytimes.com/2013/02/27/mylan-to-acquire-injectable-drug-maker-for-1-6-billion/ |work=The New York Times| date=February 27, 2013 | url-access=subscription}} In 2015, three plants acquired in that deal were issued warning letters by the FDA.{{cite news|last1=Palmer |first1=Eric|title=UPDATED: FDA castigates three Mylan sterile drug plants in warning letter | url=http://www.fiercepharma.com/regulatory/updated-fda-castigates-three-mylan-sterile-drug-plants-warning-letter | work=Questex |date=August 18, 2015}}

In February 2015, in a tax inversion, the company acquired the generic drugs business in developed markets of Abbott Laboratories for $5.3 billion in stock.{{cite press release |url=https://www.prnewswire.com/news-releases/mylan-completes-acquisition-of-abbotts-non-us-developed-markets-specialty-and-branded-generics-business-300042793.html |title=Mylan Completes Acquisition Of Abbott's Non-U.S. Developed Markets Specialty And Branded Generics Business | publisher=Business Wire |date=February 27, 2015}}{{cite news | url=https://www.bizjournals.com/pittsburgh/news/2015/02/27/mylan-inversion-deal-completed.html | title=Mylan inversion deal completed | first=Patty | last=Tascarella | work=American City Business Journals | date=February 27, 2015}}

Also in February 2015, the company acquired Mumbai-based Famy Care and expand its presence in the market for women's contraceptives at about $750 million.{{cite news |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/US-drugmaker-Mylan-to-acquire-Famy-Care-for-750-Million/articleshow/46103147.cms |title=US drugmaker Mylan to acquire Famy Care for $750 Million |work=Times Internet | date=February 3, 2015}}{{cite news | url=https://fr.reuters.com/article/us-mylan-famycare-m-a-idUSKBN0L612820150202 | title=Mylan buys female health businesses from Indian drugmaker | first=Vidya L. | last=Nathan | work=Reuters | date=February 3, 2015}}{{dead link|date=July 2021|bot=medic}}{{cbignore|bot=medic}}

In April 2015, the company attempted a hostile takeover of Perrigo, offering to buy $26 billion in shares directly from shareholders. Too few shareholders agreed to sell their stock by the deadline set in November 2015 and the effort failed.{{cite news | last1=Koons |first1=Cynthia| title=Mylan's Hostile Bid for Perrigo Fails |url=https://www.bloomberg.com/news/articles/2015-11-13/mylan-s-hostile-bid-for-perrigo-fails-as-40-of-shares-tendered| work=Bloomberg |date=November 13, 2015}}{{cite news | url=https://www.reuters.com/article/us-mylan-nl-perrigo-company-timeline/mylan-fails-in-26-billion-takeover-bid-for-perrigo-idUSKCN0T221W20151113 | title=Mylan fails in $26 billion takeover bid for Perrigo | first=Samantha | last=Kareen Nair | work=Reuters | date=November 13, 2015}}{{cite news | url=https://fortune.com/2015/11/13/mylan-loses-hostile-bid-perrigo/ | title=Why Mylan Just Lost The Largest Hostile Takeover Battle Ever | first=JEN | last=WIECZNER | work=Fortune | date=November 13, 2015}}

Two weeks after the company made its first offer for Perrigo, Teva Pharmaceuticals offered to buy the company for $40 billion; the combined companies would have been the world's largest generic company and the 9th biggest drug company in the world.{{cite news |last1=Rockoff |first1=Jonathan D. |last2=Mattioli | first2=Dana| title=Teva Offers to Buy Mylan for $40 Billion |url=https://www.wsj.com/articles/teva-offers-to-buy-mylan-for-82-a-share-1429620984 |work=The Wall Street Journal |date=April 22, 2015 | url-access=subscription}} In July, Teva dropped its bid for Mylan and instead acquired Allergan's generic drug business for about the same price.{{cite news| url=https://www.bloomberg.com/news/videos/2015-07-27/teva-to-buy-allergan-s-generic-drug-unit |title=Teva to Buy Allergan's Generic Drug Unit |date=July 27, 2015 |work=Bloomberg News | url-access=subscription}}{{cite news |url=https://www.bloomberg.com/news/articles/2015-07-27/teva-snaps-up-allergan-s-generics-arm-dumping-mylan | title=Teva Snaps Up Allergan's Generics Arm, Dumping Mylan | first=Chitra | last=Somayaji |date=July 27, 2015 |work=Bloomberg News | url-access=subscription}}

In June 2015, the company agreed to work with Pulmatrix, a company with a proprietary inhaled drug delivery platform, to co-develop a product to treat for chronic obstructive pulmonary disease (COPD); the product was PUR0200, a generic drug in a Pulmatrix device.{{cite news |url=https://www.genengnews.com/news/mylan-to-co-develop-pulmatrix-copd-candidate/ |title=Mylan to Co-Develop Pulmatrix' COPD Candidate | work=Mary Ann Liebert | date=June 16, 2015}}

In February 2016, the company announced it would acquire Meda AB for $9.9 billion.{{cite news | url=https://www.genengnews.com/topics/drug-discovery/mylan-to-acquire-meda-for-9-9b/| title=Mylan to Acquire Meda for $9.9B | work=Mary Ann Liebert |date=February 11, 2016}} In May 2016, the company announced it would acquire Renaissance Acquisition Holdings dermatology division for up to $1 billion.{{cite web | url=http://www.fiercepharma.com/pharma/mylan-snaps-up-dermatology-biz-from-investors-1b-deal| title=Mylan snaps up dermatology biz from investors in $1B deal | work=Questex | date=May 13, 2016 }}

In December 2016, the State attorneys general of 20 states filed a civil complaint accusing the company of a coordinated scheme to artificially maintain high prices for a generic antibiotic and diabetes drug. The complaint alleged price collusion schemes between six pharmaceutical firms including informal gatherings, telephone calls, and text messages.{{cite news | last=Thomas | first=Katie | url=https://www.nytimes.com/2016/12/15/business/generic-drug-price-lawsuit-teva-mylan.html | title=20 States Accuse Generic Drug Companies of Price Fixing | work=The New York Times | date=December 15, 2016 | url-access=subscription }}

In October 2017, the company announced the launch of the first FDA-approved generic of Teva’s long-acting Copaxone. Approximately three months later, Credit Suisse analyst Vamil Divan cited IMS Health data which showed that the new generic accounted for 10% of the market.{{cite news | last=Helfand | first=Carly | title=Look out, Teva: Mylan's Copaxone copy has already captured serious share | url=https://www.fiercepharma.com/marketing/look-out-teva-mylan-s-copaxone-copy-has-already-captured-serious-share | work=Questex | date=4 January 2018}}

In May 2018, the company announced a collaboration with West Virginia University to provide children across West Virginia with STEM education.{{Cite news| url=https://www.wboy.com/news/business/mylan-and-wvu-announce-10-year-collaboration/1178903614/ |title=Mylan and WVU announce 10 year collaboration |last=Hudock |first=Megan |date=May 14, 2018|work=WBOY-TV}}

In 2018, valsartan manufactured by the company was voluntarily recalled due to the detection of trace amounts of N-nitrosodiethylamine (NDEA) which is a probable human carcinogen.{{cite press release| title=Mylan Expands Its Voluntary Nationwide Recall of Valsartan Tablets, USP, Amlodipine and Valsartan Tablets, USP, and Valsartan and Hydrochlorothiazide Tablets, USP, to all Lots Within Expiry Due to The Detection of Trace Amounts of NDEA (N-Nitrosodiethylamine) Impurity Found in the Active Pharmaceutical Ingredient | url=https://www.fda.gov/safety/recalls-market-withdrawals-safety-alerts/mylan-expands-its-voluntary-nationwide-recall-valsartan-tablets-usp-amlodipine-and-valsartan-tablets | date=December 4, 2018 | publisher=Food and Drug Administration}}

In January 2019, the FDA announced its approval of the company's Wixela Inhub, the first approved generic version of GlaxoSmithKline's Advair Diskus.{{cite press release |title=FDA approves first generic Advair Diskus | url=https://www.fda.gov/news-events/press-announcements/fda-approves-first-generic-advair-diskus | publisher=Food and Drug Administration | date=30 January 2019}}

In late July 2019, the company and Pfizer announced that Pfizer would spin off and merge its off-patent medicine division, Upjohn, with Mylan.{{Cite news |date=July 27, 2019| title=Pfizer in talks to merge off-patent drugs business with Mylan: source | work=Reuters |url=https://uk.reuters.com/article/us-mylan-nl-m-a-pfizer-idUKKCN1UM0DP |archive-url=https://web.archive.org/web/20190727152907/https://uk.reuters.com/article/us-mylan-nl-m-a-pfizer-idUKKCN1UM0DP |url-status=dead |archive-date=July 27, 2019 | first=Maria | last=Ponnezhath}}{{cite web |title=Investor Presentations – August 2020 - Path to Shareholder Value Creation VIATRIS TSR Execution Plan |url=https://www.championforglobalhealth.com/-/media/championforglobalhealth/pdf/viatris-presentation-final-30-august.pdf |website=Champion For Global Health |access-date=22 October 2020}}

In November 2019, Mylan & Upjohn announced that the name of the new company would be Viatris.{{cite news |last1=Sabatini |first1=Patricia |title=Viatris picked as new name for a merged Mylan/Upjohn |url=https://www.post-gazette.com/business/healthcare-business/2019/11/12/Viatris-Mylan-Upjohn-merger-Pfizer-generic-drug-healthcare/stories/201911120101 | work=Pittsburgh Post-Gazette |date=12 November 2019}}{{Cite web| url=https://www.fiercepharma.com/pharma/pfizer-s-upjohn-and-mylan-will-become-viatris-wait-haven-t-we-heard-name-before |title=Pfizer's Upjohn and Mylan will become Viatris. Wait, haven't we heard that name before?|last=Blankenship |first=Kyle | work=Questex | date=November 12, 2019}} The company continued sales of Mylan's more than 7,500 products, including biosimilars, generics, brand and over-the-counter remedies, with brands including the Epi-Pen, Viagra, Lipitor and Celebrex.{{Cite web |url=https://www.forbes.com/sites/stephenbrozak/2019/07/29/the-pfizer-mylan-deal-what-this-means-for-phama/ |title=What The Pfizer-Mylan Deal Means For Pharma|last=Brozak|first=Steve |date=2019-07-29|website=Forbes|language=en|access-date=2019-12-10}}{{Cite web|title=Mylan's Merger with Pfizer's Off-Patent Drug Unit Will Create 'New Champion for Global Health'| url=https://www.biospace.com/article/pfizer-merges-off-patent-upjohn-business-with-mylan/ |website=BioSpace| date=July 29, 2019 |language=en-US|access-date=2020-05-11}}{{Cite news|date=2019-07-29|title=Pfizer to spinoff,{{sic|nolink=y}} merge off-patent drugs unit with Mylan |language=en|work=Reuters|url=https://uk.reuters.com/article/uk-mylan-pfizer-idUKKCN1UO17H|archive-url=https://web.archive.org/web/20190729194641/https://uk.reuters.com/article/uk-mylan-pfizer-idUKKCN1UO17H|url-status=dead|archive-date=July 29, 2019|access-date=2020-05-11}}

The deal was structured as an all-stock, Reverse Morris Trust transaction.

Pfizer shareholders owned 57% of the combined new company and Mylan shareholders owned 43%.{{cite web | title=Mylan Upjohn Merger – Pfizer Shareholders to receive 0.12 Viatris Shares per Pfizer Share |url=https://mrvirk.com/viatris-mylan-upjohn-merger.html | website=Mr. Virk Media|date=November 17, 2020 }}

On February 23, 1973, the company became a public company via an initial public offering (IPO),{{cite web | url=https://investor.mylan.com/static-files/bcb606c8-48a7-4c74-ad42-a08f60071917 | title=Mylan 1996 Form 10-K Annual Report }} on the OTC market. In 1976, the stock moved to NASDAQ and in 1986, it moved to the New York Stock Exchange, then later back to NASDAQ.

The following is an illustration of the company's major mergers and acquisitions and historical predecessors:

{{hidden begin|border=1px #aaa solid|title= Mylan Acquisitions|ta1=center}}

{{Tree list}}

• Mylan (Founded 1961)
• Somerset Pharmaceuticals (Acq 1989)
• Dow B. Hickam (Acq 1991)
• Bertek Inc (Acq 1993)
• UDL Laboratories (Acq 1996)
• Penederm Inc (Acq 1998)
• Matrix Laboratories (Acq 2007)
• Merck KGaA (Generics div.) (Acq 2007)
• Bioniche Pharma Holdings (Acq 2010)
• Pfizer Respiratory Delivery Platform (Acq 2011)
• Agila Specialties (Acq 2013)
• Abbott Laboratories (Generics div.) (Acq 2014)
• Famy Care (Acq 2014)
• Meda (Acq 2016)
• Renaissance Acquisition Holdings (Dermatology div.) (Acq 2016)

{{Tree list/end}}

{{hidden end}}

{{see also|Epinephrine autoinjector#Price}}

{{see also|Heather Bresch#Mylan executive}}

Mylan acquired the right to market and distribute the EpiPen line of epinephrine autoinjector devices from Merck KGaA as part of their 2007 deal;{{cite news | first1=Tara | last1=Parker-Pope |first2=Rachel Rabkin | last2=Peachman | work=The New York Times | date=August 22, 2016 | url=http://well.blogs.nytimes.com/2016/08/22/epipen-price-rise-sparks-concern-for-allergy-sufferers/ | title=EpiPen Price Rise Sparks Concern for Allergy Sufferers | url-access=subscription}} that right had formerly been held by Dey LP, a wholly owned subsidiary of Merck.King Pharmaceuticals October 21, 2002. [http://www.prnewswire.com/news-releases/king-pharmaceuticals-to-acquire-meridian-medical-technologies-76364227.html Press Release: King Pharmaceuticals to Acquire Meridian Medical Technologies] According to Bloomberg News, the devices deliver about $1 worth of drug.Cynthia Koons and Robert Langreth for Bloomberg Businessweek. September 23, 2015 [https://www.bloomberg.com/news/articles/2015-09-23/how-marketing-turned-the-epipen-into-a-billion-dollar-business How Marketing Turned the EpiPen Into a Billion-Dollar Business] At that time annual sales were around $200 million. Bresch, the company's CEO, saw an opportunity to increase sales through marketing and advocacy, and the company launched a marketing campaign to increase awareness of the dangers of anaphylaxis for people with severe allergies that made the brand "EpiPen" as identified with its product as "Kleenex" is with facial tissue. The company also successfully lobbied the FDA to broaden the label to include risk of anaphylaxis and in parallel, successfully lobbied Congress to generate legislation making EpiPens available in schools and in public places like defibrillators are, and hired the same people that Medtronic had worked with on defibrillator legislation to do so. Mylan's efforts to gain market dominance were aided when Sanofi's competing product was recalled in November 2015 and further when Teva's generic competitor was rejected by the FDA in March 2016.{{cite news | first=Carly |last=Helfand | date= March 1, 2016 | url=http://www.fiercepharma.com/sales-and-marketing/fda-swats-down-teva-s-epipen-copy-putting-mylan-cruise-control | title=FDA swats down Teva's EpiPen copy, putting Mylan in cruise control | work=Questex }}

By the first half of 2015, Mylan had an 85% market share of such devices in the US and in that year sales reached around $1.5 billion and accounted for 40% of Mylan's profit.{{cite news | first=Emily | last=Willingham | work=Forbes | date=August 21, 2016 | url=https://www.forbes.com/sites/emilywillingham/2016/08/21/why-did-mylan-hike-epipen-prices-400-because-they-could/ | title=Why Did Mylan Hike EpiPen Prices 400%? Because They Could}} Those profits were also due in part to Mylan's continually raising the price of EpiPens starting in 2009; in 2009 the wholesale price of two EpiPens was about $100, by July 2013 the price was about $265, in May 2015 it was around $461, and in May 2016 the price rose again to around $609, around a 500% jump from the price in 2009.{{Cite web|url=http://baltimore.cbslocal.com/2016/08/18/cost-jumps-nearly-500-percent-for-life-saving-epipens/|title=Cost Jumps Nearly 500-Percent For Life-Saving EpiPens|last=Bartolotta|first=Devin|date=August 18, 2016|publisher=CBS Baltimore|access-date=August 19, 2016}}

Starting in 2014, according to a 2017 report in the New York Times, mid-level executives began questioning the rate at which the company had increased and was planning to continue to increase the price of the Epi-Pen, and raising concerns that the price increases were unethical; the Times reported that when these concerns were brought to Robert Coury, the chairman of the board, Coury "replied that he was untroubled. He raised both his middle fingers and explained, using colorful language, that anyone criticizing Mylan, including its employees, ought to go copulate with themselves. Critics in Congress and on Wall Street, he said, should do the same. And regulators at the Food and Drug Administration? They, too, deserved a round of anatomically challenging self-fulfillment."  The Times reported that Bresch provided similarly dismissive responses.{{cite news | url=https://www.nytimes.com/2017/06/04/business/angry-about-epipen-prices-executive-dont-care-much.html |title=Outcry Over EpiPen Prices Hasn't Made Them Lower |last1=Duhigg |first1=Charles |date=4 June 2017 |work=The New York Times | url-access=subscription}} The reporter noted that "Those top leaders’ responses are a far cry from the message on Mylan’s website, which says that 'we challenge every member of every team to challenge the status quo,' and that 'we put people and patients first, trusting that profits will follow'", and also noted that "The firm is a case study in the limits of what consumer and employee activism, as well as government oversight, can achieve."{{cite news |url=https://gizmodo.com/drug-company-chairman-to-america-go-fuck-yourself-1795816263 |title=Drug Company Chairman to America: Go Fuck Yourself |last1=Novak| first1=Matt |date=5 June 2017| work=Gizmodo}}{{cite news |url=https://arstechnica.com/science/2017/06/mylan-chairman-drug-pricing-critics-ought-to-go-copulate-with-themselves/ |title=Mylan chairman: Drug pricing critics ought to go copulate with themselves| last1=Mole |first1=Beth| date=5 June 2017| work=Ars Technica |language=en-us}}{{cite news |url=https://www.science.org/content/blog-post/mylan-begins-harvesting-crop-s-sown |title=Mylan Begins Harvesting the Crop It's Sown|last1=Loew |first1=Derek |date=12 June 2017 |work=Science}}

In the summer of 2016, as parents prepared to send their children back to school and went to pharmacies to get new EpiPens, people began to express outrage at the cost of the EpiPen and the company was widely and harshly criticized,{{cite web |url=http://www.kpbs.org/news/2016/feb/18/food-allergies-life-saving-drug-too-expensive/ |title=People With Food Allergies Say Life-Saving Drug Too Expensive |last1=Goldberg| first1=Kenny |website=KPBS Public Media | date=February 18, 2016}}{{cite news| url=https://www.wsj.com/articles/mylan-to-launch-cheaper-generic-epipen-alternative-1472467730| title=Mylan to Launch Cheaper Generic EpiPen Alternative |last1=Walker |first1=Joseph |date=August 30, 2016| work=The Wall Street Journal |last2=Winslow| first2=Ron | last3=Steele | first3=Anne | url-access=subscription}} including criticism from Martin Shkreli, "poster boy for grasping pharma greed," letters from two senators and initiation of Congressional investigations.{{cite news | first=Emma | last=Court | work=MarketWatch | date=August 18, 2016 | url=http://www.marketwatch.com/story/mylans-epipen-price-increases-are-valeant-like-in-size-shkreli-like-in-approach-2016-07-20 | title=Mylan's EpiPen price increases are Valeant-like in size, Shkreli-like in approach}} Mylan's pricing of the EpiPen was widely referred to as price gouging.{{cite magazine |last=Tuttle |first=Brad |date=August 22, 2016 |title=5 Signs That EpiPen Prices Are Completely Out of Control |url=https://money.com/epipen-prices-mylan-out-of-control/ |url-status=live |magazine=Money.com |archive-url=https://web.archive.org/web/20220525200734/https://money.com/epipen-prices-mylan-out-of-control/ |archive-date=May 25, 2022}}{{Cite news | first=Michael | last=Hiltzik | work=Los Angeles Times | date=August 23, 2016 | url=https://www.latimes.com/business/hiltzik/la-fi-hiltzik-mylan-inversion-20160823-snap-story.html | title=Another reason to hate Mylan, which jacked up the price of life-saving EpiPens: It's a tax dodger | url-access=subscription}}Matt Novak for Gizmodo. August 23, 2016 [https://gizmodo.com/how-congress-the-fda-and-sarah-jessica-parker-helped-1785568792 How Congress, the FDA, and Sarah Jessica Parker Helped EpiPen Become a $1 Billion Business] The last price increase coincided with the company's airing of a new line of TV commercials that were described as "shocking" and "no holds barred", depicting an anaphylactic reaction from the point of view of the young woman having it at a party, and ending with the young woman seeing her swollen and hive-covered face in the mirror before she collapses.{{cite news | first=Beth Snyder | last=Bulik | work=Questex | date= May 1, 2016 | url=http://www.fiercepharma.com/marketing/no-holds-barred-mylan-s-ultra-realistic-peanut-allergy-campaign | title=No holds barred in Mylan's ultra-realistic peanut allergy campaign}} In response to criticism, the company increased financial assistance available for some patients to purchase EpiPens,{{cite news |url=https://www.theguardian.com/business/2016/aug/25/epipen-price-hike-savings-card-mylan-heather-bresch-congress |title=Mylan to provide EpiPen cost assistance as CEO is asked to testify on price hike |work=The Guardian | date=August 25, 2016}} a gesture that was called a "classic public relations move" by Harvard Medical School professor Aaron Kesselheim.{{cite news| last1=Carolyn Y. Johnson| title=Why Mylan's 'savings card' won't make EpiPen cheaper for all patients | url=https://www.washingtonpost.com/news/wonk/wp/2016/08/25/under-pressure-mylan-will-expand-patient-assistance-for-epipen/| newspaper=The Washington Post |date=August 25, 2016}} The up to $300 saving cards can only be used by a small number of people who need the drug, and no one on Medicaid. They do nothing about the high price, he said, which is still being paid by insurers, who ultimately pass the cost onto consumers. The company further responded by releasing the first authorized generic version of the EpiPen in December 2016 at a more than 50% discount.{{cite web |last1=Ramsey |first1=Lydia |title=The $300 generic EpiPen is here |url=http://www.businessinsider.com/mylan-launches-authorized-generic-epipen-for-300-2016-12 | work=Business Insider |date=16 December 2016}}

In September 2016, the New York State Attorney General began an investigation into the company's EpiPen4Schools program in New York to determine if the program's contracts violated antitrust law{{cite news |last1=Larson |first1=Erik |last2=Hopkins |first2=Jared S.| title=Mylan's EpiPen School Sales Trigger N.Y. Antitrust Probe |url=https://www.bloomberg.com/news/articles/2016-09-06/n-y-s-schneiderman-launches-probe-into-mylan-epipen-sales|access-date=September 7, 2016|publisher=Bloomberg|date=September 6, 2016}} and the West Virginia State Attorney General opened an investigation into whether Mylan had given the state the correct discount under the Medicaid Drug Rebate Program and subpoenaed the company when it refused to provide the documentation the state requested.{{cite news |last1=Feeley |first1=Jef| last2=Langreth| first2=Robert| title=Mylan Investigations Mount as West Virginia Opens Fraud Probe |url=https://www.bloomberg.com/news/articles/2016-09-20/mylan-epipen-files-sought-as-west-virginia-opens-fraud-probe|work=Bloomberg News|date=September 20, 2016}}

In October 2016, the CEO of the company testified to Congress that Pfizer/King charged the company about $34.50 for one device.{{cite news| last1=Popken| first1=Ben |title=Upgraded EpiPens torn apart. Tech firm: "It's the same core device" |url=https://www.nbcnews.com/business/consumer/mylan-says-it-upgraded-epipen-2009-so-experts-looked-inside-n652651 |work=NBC News |date=September 30, 2016}} In September 2016, a Silicon Valley engineering consultancy performed a teardown analysis of the EpiPen and estimated the manufacturing and packaging costs at about $10 for a two-pack.{{cite news |last1=Tracy |first1=Seipel|title=Silicon Valley engineers figure real cost to make lifesaving auto-injector two-pack|url=http://www.mercurynews.com/2016/10/01/epipen-outrage-silicon-valley-engineers-figure-true-cost-to-make-lifesaving-auto-injector-about-10/|access-date=October 1, 2016|publisher=The Mercury News}}

According to the Department of Health and Human Services' Office of Inspector General analysis, the U.S. government may have overpaid "as much as $1.27 billion between 2006 and 2016" to the company for the EpiPen emergency allergy treatment. This represents three times the proposed settlement of $465 million announced by the company in October 2016. In October 2016, the company announced a settlement with the US Department of Justice over rebates paid by the company to states under the Medicaid Drug Rebate Program.{{cite news| last1=Thomas |first1=Katie| title=Mylan to Settle EpiPen Overpricing Case for $465 Million |url=https://www.nytimes.com/2016/10/08/business/epipen-mylan-justice-department-settlement.html |work=The New York Times |date=October 7, 2016 | url-access=subscription}} Questions had been raised by Congress and others about why EpiPen had been classified as a generic rather a proprietary product in the program since 1997; generic drugs have lower rebates (13%) than proprietary drugs (23%), and price hikes for generic drugs cannot be passed onto states, and a common form of pharmaceutical fraud involves misclassifying proprietary drugs as generic under the program.{{cite news|last1=Thomas| first1=Katie| title=Is EpiPen a Brand-Name or a Generic Drug? Mylan Casts It Both Ways| url=https://www.nytimes.com/2016/09/03/business/is-epipen-a-brand-name-or-a-generic-drug-mylan-casts-it-both-ways.html |work=The New York Times |date=September 2, 2016 | url-access=subscription}} Under the agreement, the company agreed to pay a $465 million payment and to sign a corporate integrity agreement requiring it to perform better in the future; the settlement also resolved cases brought by states related to the rebates.{{cite news| last1=Mole| first1=Beth| title=For ripping off Medicaid, EpiPen maker Mylan pays Feds $465 million |url=https://arstechnica.com/science/2016/10/for-ripping-off-medicaid-epipen-maker-mylan-pays-feds-465-million/|access-date=October 8, 2016| publisher=Ars Technica|date=October 7, 2016}} Simultaneously with the settlement, the company also announced it was being investigated by the Securities and Exchange Commission related to the drug rebate program.{{cite news|first=Zachary | last=Tracer| title=Mylan Agrees to $465 Million EpiPen Settlement With U.S.| url=https://www.bloomberg.com/news/articles/2016-10-07/mylan-agrees-to-465-million-settlement-with-u-s-over-epipen|work=Bloomberg.com|date=October 7, 2016}} Republican Senator Chuck Grassley, chair of the Senate Judiciary Committee that launched the "probe of EpiPen pricing probe in 2016, released the analysis on May 30, 2017.{{cite news|url=https://www.reuters.com/article/us-mylan-epipen-idUSKBN18R2ZN|title=Mylan may have overcharged U.S. for EpiPen by $1.27 billion: HHS|last=Erman|first=Michael|date=May 31, 2017|work=Reuters|access-date=May 31, 2017|location=New York}}

In a report published on June 12, 2017 Institutional Shareholder Services criticized the company for the "outsized compensation" of its directors. Former CEO Robert Coury received a $98 million 2016 pay package in spite of shareholder losses and the perceived harm to the company inflicted by the EpiPen controversies. The report urged the company's shareholders to oust all of the existing directors.{{cite news |url=https://money.cnn.com/2017/06/13/investing/epipen-mylan-exec-pay-shareholder-revolt/index.html?sr=twCNN061417epipen-mylan-exec-pay-shareholder-revolt0246AMStoryLink&linkId=38675750 |title=EpiPen maker faces revolt over exec's $98 million pay package |first=Matt |last=Egan |work=CNN Money}}

The company manufactures rocuronium bromide, which is approved by the state of Alabama for use in executions by lethal injection. European manufacturers refuse to sell drugs which can be used for executions to the United States, except to distributors or users who sign legally binding agreements that the drug will not be used for executions down the delivery chain.{{cite journal|title=Drug company is targeted for refusing to adopt ban on distribution of execution drug|journal=BMJ|date=October 24, 2014| author=Owen Dyer |volume=2014 |issue=349|pages=g6452 |url=http://www.bmj.com/content/349/bmj.g6452.short|doi=10.1136/bmj.g6452|pmid=25344344|s2cid=21513100}}

In September 2014, the London-based human rights organisation Reprieve told Mylan that it was the only FDA-approved manufacturer of rocuronium bromide without legal controls in place to prevent its use in executions, and there was "a very real risk that Mylan may soon become the go-to provider of execution drugs for states across the country". German asset manager {{Interlanguage link|DJE Kapital|de}} divested itself of $70 million in Mylan shares for that reason. The company said that its distribution was "legally compliant," and that their restrictions did "prohibit resale to correctional facilities for use in lethal injections."{{cite web |title=Mylan Statement on its Policy Against the Use of Mylan Products in Capital Punishment | url=http://newsroom.mylan.com/press-releases?item=123361 |publisher=Mylan |access-date=25 June 2018}}

Heather Bresch was an Executive Director and the CEO of Mylan from 2012 until the Viatris combination in 2020.{{Cite news| url=http://fortune.com/2016/09/08/epipen-mylan-ceo-heather-bresch-fortune-mpw/ |title=Why the CEO Behind the EpiPen Controversy Is on Fortune's Most Powerful Women List |work=Fortune }} Robert Coury was Chairman,{{Cite news| url=http://www.fiercepharma.com/pharma/as-rebel-mylan-investors-win-more-backing-ceo-bresch-champions-her-board-0 | title=As rebel Mylan investors win more backing, CEO Bresch champions her board | first=Tracy | last=Staton | work=Questex | date=Jun 15, 2017}} and Rajiv Malik was President.{{Cite news | url=https://www.investors.com/news/technology/generic-drug-makers-face-pricing-issues-unlike-other-pharma-companies/ | title=Generic Drug Makers Face Pricing Issues Unlike Other Pharmaceutical Companies | first=ALLISON | last=GATLIN |work=Investor's Business Daily | date=September 22, 2017}}

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