Viatris Inc
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Health Care : Pharmaceuticals | Mid Cap Value
Company profile

Viatris Inc. is a global healthcare company. The Company has four segments: Developed Markets, Greater China, JANZ and Emerging Markets. Developed Markets segment comprises its operations primarily in North America and Europe. Greater China segment includes its operations in China, Taiwan and Hong Kong. JANZ segment reflects its operations in Japan, Australia and New Zealand. Emerging Markets segment encompasses its presence in approximately 125 countries with developing markets and emerging economies including in Asia, Africa, Eastern Europe, Latin America and the Middle East, as well as its anti-retroviral franchise. Its portfolio comprises approximately 1,400 approved molecules across a range of key therapeutic areas, including globally recognized iconic and key brands, generics, complex generics, and biosimilars. It operates approximately 40 manufacturing sites worldwide, which produces oral solid doses, injectables, complex dosage forms and active pharmaceutical ingredients.


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0.13 (1.17%)
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Alibaba stock keeps sinking toward a 6-year low, Nio stock also dives as Chinese ADRs continue selloff

9:11 am ET March 15, 2022 (MarketWatch)

The American depositary receipts (ADRs) of China-based companies continued their dive Tuesday, as upbeat economic data out of China wasn't enough assuage macroeconomic concerns, including fears of a fallout from Russian's invasion of Ukraine after the U.S. warned China not to support Russia. Shares of e-commerce giant Alibaba Group Holding Ltd. (9988.HK) sank 4.5% in premarket trading, putting them on track to open at the lowest price seen during regular-session hours since March 2016. The stock suffered through a rough stretch in recent weeks, as it has plunged 38.4% over the past 18 sessions in which it has declined 16 times. The iShares MSCI China ETF (MCHI) dropped 4.0% premarket toward the lowest open since December 2016, and has tumbled 27.8% over the previous 18 sessions. Meanwhile, futures for the S&P 500 rose 0.6%. Among other more-active Chinese ADRs, electric vehicle maker Nio Inc. (NIO) dove 6.6% toward a 19-month low, Pinduoduo Inc. (PDD) shed 2.2%, iQIYI Inc. (IQ) slumped 2.4%, Inc. (JD) declined 3.4% and XPeng Inc. (XPEV) slid 4.8%.

-Tomi Kilgore


(END) Dow Jones Newswires

March 15, 2022 09:11 ET (13:11 GMT)

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