November 5, 2019 / 12:08 PM / 8 days ago

Mylan third-quarter profit rises 7% on new drug launches

Nov 5 (Reuters) - Mylan NV reported a 7.4% rise in third-quarter profit on Tuesday, as the generic drugmaker benefited from new product launches.

The company, which in July said it would merge with Pfizer Inc’s off-patent branded drugs unit, said net earnings rose to $189.8 million, or 37 cents per share, in the quarter ended Sept 30 from $176.7 million, or 34 cents per share, a year earlier.

Total revenue rose to $2.96 billion from $2.86 billion. (Reporting by Saumya Sibi Joseph and Aakash Jagadeesh Babu in Bengaluru; Editing by Anil D’Silva)

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