Viatris Inc

VTRS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$21.00	Tqlr	Dyhvnhmft

Viatris Posts Modest Decline in Third Quarter Against Competitive Pressures

Damien Conover

Nov 9, 2021

Viatris had an unremarkable third quarter, posting a modest year-over-year decline, spread evenly among its product categories. Revenue was slightly subdued by competitive pressures in contrast with a strong prior quarter. It is expected that the long-term erosion of generic drug revenue will be irregular quarter to quarter and dependent on each manufacturer’s product mix. We maintain our $25 fair value estimate for no-moat Viatris.

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