Author Archive | Patty Tascarella

<img src="https://media.bizj.us/view/img/10115582/bresch-mylan-heather-12-20-jw-personalities*100xx601-601-183-114.jpg">Mylan NV on Wednesday said it is deferring all major U.S. launches from its full-year 2017 financial guidance to 2018, citing ongoing challenges and the uncertain U.S. regulatory environment.

As a result, the pharmaceutical giant expects to deliver total revenues ranging between $11.5 billion and $12.5 billion and adjusted earnigns per share between $4.30 and $4.70. The product launches include generic versions of Advair and Copaxone. Mylan (Nasdaq:MYL) included the announcement in its quarterly…<div>
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Mylan revises earnings guidance, defers product launches to 2018

Mylan NV on Wednesday said it is deferring all major U.S. launches from its full-year 2017 financial guidance to 2018, citing ongoing challenges and the uncertain U.S. regulatory environment. As a result, the pharmaceutical giant expects to deliver total revenues ranging between $11.5 billion and $12.5 billion and adjusted earnigns per share between $4.30 and […]

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<img src="https://media.bizj.us/view/img/6174721/heinz-ketchup*100xx3000-3000-0-0.jpg">Kraft Heinz Co. has a deal in place to sell its Campbell, New York, cheese plant to Upstate Niagara Cooperative.

The U.S. dairy cooperative entered into a co-packing agreement, saving the facility from the chopping block and preserving at least 125 jobs, according to the trade publication www.foodingredientsfirst.com. Kraft Heinz (Nasdaq:KHC), based jointly in Pittsburgh and Chicago, has pledged an ongoing investment of $3 million to $5 million to improve and maintain the plant.

The transaction…<div>
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Kraft Heinz selling cheese plant to dairy co-op

Kraft Heinz Co. has a deal in place to sell its Campbell, New York, cheese plant to Upstate Niagara Cooperative. The U.S. dairy cooperative entered into a co-packing agreement, saving the facility from the chopping block and preserving at least 125 jobs, according to the trade publication www.foodingredientsfirst.com. Kraft Heinz (Nasdaq:KHC), based jointly in Pittsburgh […]

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