Recent Security Class Actions

Viatris Inc. Common Stock (NASDAQ: VTRS)

Company Name:Viatris Inc. Common Stock
Stock Symbol:NASDAQ: VTRS
Class Period Start:03/01/2021
Class Period End (inclusive):02/25/2022
Filing Deadline:07/11/2023

The Complaint alleges that during the Class Period, Viatris made materially false and/or misleading statements and/or failed to disclose that: i) the Company was experiencing significantly more competition in its United States complex generics business than disclosed; (ii) the Company was not able to effectively manage its base business erosion or create a stable revenue base; (iii) despite being on the Company's only growth drivers, Viatris was actively planning to divest its biosimilars business in order to secure enough cash to let it purportedly meet its phase one goals; (iv) Viatris was deviating from the business model it touted throughout the Class Period and undertaking a significant global reshaping of its business which would undermine its ability to achieve stable revenue growth; and (v) the Company was anticipating less financial growth moving into 2022.