Mylan Profits Jump 15 Percent

Summary


Mylan Inc., the nation's biggest generic drug maker, said quarterly earnings jumped 15 percent to $172 million, pushing up the stock about 14 percent in mid-morning trading.

The Canonsburg company said total revenue jumped about three- fold to nearly $1.66 billion, from $477 million a year earlier. The current period included $455 million from the February sale of rights to the blood-pressure drug Bystolic which had been deferred.

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Mylan Profits Jump 15 Percent

Net results equaled 45 cents a share, ...

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