Mylan Moves Sharply Reduce Loss

Summary


Mylan Inc. said Thursday it sharply reduced its net loss for the final quarter and all of 2008 by cutting expenses and the continued integration of its $6.8 billion acquisition of Merck's generics business in October 2007.

For the three months ended Dec. 31, the Cecil-based generic drug maker reported a loss of just under $40 million, or 13 cents a share, compared with a loss of nearly $1.4 billion, or $5.04 a share, one year ago.

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Mylan Moves Sharply Reduce Loss

Revenue increased 4.1 percent to $1.2 billion from $1.15 billion during the fina...

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