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Mylan Reports Adjusted Diluted EPS of $0.16 for the Quarter Ended June 30, 2008
Date:8/6/2008

ed with the SEC could potentially result in adjustments to reported earnings. The Company undertakes no obligation to update statements herein for revisions or changes after the date of this release.

Mylan Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(unaudited; in thousands, except per share amounts)

Three Months Ended Six Months Ended

June 30, June 30, June 30, June 30,

2008 2007 2008 2007

Net revenues $1,187,258 $542,709 $2,249,670 $1,026,409

Other revenues 15,864 3,612 27,912 7,174

Total revenues 1,203,122 546,321 2,277,582 1,033,583

Cost of sales 788,912 249,613 1,513,150 502,028

Gross profit 414,210 296,708 764,432 531,555

Operating expenses:

Research and development 80,753 31,720 164,599 68,568

Acquired in-process

research and development - - - 147,000

Impairment loss on

goodwill - - 385,000 -

Selling, general and

administrative 259,457 76,914 512,369 139,668

Litigation settlements,

net - - - (3,962)

Total operating expenses 340,210 108,634 1,061,968 351,274

Earnings (loss) from

operations 74,000 188,074 (297,536) 180,281

Interest expense 86,489 22,919 177,236 43,903

Other income (expense),

net 7,855 (36,358) 14,816 (25,909)

(Loss) earnings before

income taxes a
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SOURCE Mylan Inc.
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