On Wednesday, Shares of Mylan NV (NASDAQ:MYL), lost -2.09% to $44.49.
Mylan, declared that the Company will present at the 24th Annual Credit Suisse Healthcare Conference on Wednesday, Nov. 11, 2015. The presentation is planned to start at 8 a.m. MST (10 a.m. EST).
Mylan is a global pharmaceutical company committed to setting new standards in healthcare. Working together around the world to provide 7 billion people access to high quality medicine, we innovate to satisfy unmet needs; make reliability and service excellence a habit; do what’s right, not what’s easy; and impact the future through passionate global leadership. We offer a growing portfolio of around 1,400 generic pharmaceuticals and several brand medications. In addition, we offer a wide range of antiretroviral therapies, upon which nearly 50% of HIV/AIDS patients in developing countries depend. We also operate one of the largest active pharmaceutical ingredient manufacturers and presently market products in about 145 countries and territories. Our workforce of about 30,000 people is dedicated to creating better health for a better world, one person at a time.
Mylan N.V., through its auxiliaries, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide. The company provides generic or branded generic pharmaceutical products in tablet, capsule, injectable, or transdermal patch forms, in addition to active pharmaceutical ingredients (APIs).
Shares of Meritor Inc (NYSE:MTOR), declined -1.49% to $10.60, during its last trading session.
Meritor, stated financial results for its fourth quarter and full fiscal year ended Sept. 30, 2015.
Fourth-Quarter Highlights
- Sales were $853 million, contrast to $933 million, in the same period last year.
- Net loss attributable to Meritor was $21 million for the period, contrast to net income of $3 million in the same period last year. Net loss from ongoing operations attributable to Meritor was $21 million, contrast to net income of $29 million in the same period last year.
- Adjusted income from ongoing operations was $37 million, or $0.39 per adjusted diluted earnings per share, contrast to $35 million, or $0.35 per adjusted diluted earnings per share, a year ago.
- Adjusted EBITDA was $81 million, contrast to $80 million in the same period last year. Adjusted EBITDA margin of 9.5 percent raised from 8.6 percent in the same period last year.
- Meritor repurchased $25 million of common stock in the fourth quarter under its $210 million equity and equity-linked repurchase program.
Meritor, Inc. designs, develops, manufactures, sells, markets, distributes, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck & Industrial, and Aftermarket & Trailer.
Finally, Shares of Terra Form Power Inc (NASDAQ:TERP), ended its last trade with -3.26% loss, and closed at $13.96.
SunEdison’s, inferno charred Solar City, SunPower (NASDAQ:SPWR) and spinoffs Terra Form Power (NASDAQ:TERP) and Terra Form Global (NASDAQ:GLBL) on Wednesday, as IBD’s Energy-Solar Group plunged for the second day on Wall Street.
IBD’s Energy-Solar Group fell 2.3% Wednesday after falling 5.7% Tuesday following SunEdison’s mixed Q3 earnings cast doubt on the effectiveness of the industry’s trend toward putting assets into publicly traded companies called yieldcos. Early Tuesday, SunEdison stated Q3 EPS that missed analyst estimates, though sales beat.
But SunEdison CEO Ahmad Chatila also declared that the company would no longer drop every asset down to yieldcos TerraForm Power and TerraForm Global. Instead, SunEdison will sell more projects to third parties.
Terra Form Power, Inc. owns and operates solar and wind generation assets serving utility, commercial, and residential customers. As of February 20, 2015, its portfolio comprised of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with an aggregate nameplate capacity of 1,507.3 megawatt.