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Mylan Reports Adjusted Diluted EPS of $0.43; Reaffirms 2010 Adjusted Diluted EPS Guidance of $1.55 - $1.65
Date:10/26/2010

ating current year third party total revenues at prior year exchange rates would have resulted in year-over-year growth excluding foreign currency of $229 million, or approximately 6%.

Other revenues from third parties for the nine months ended September 30, 2010, were $36.4 million compared to $61.1 million in the same prior year period, a decrease of $24.7 million, or 40.5%.  During the nine months ended September 30, 2009, within Generics, we recognized $26.0 million of incremental revenue resulting from the cancellation of product development agreements for which the revenue had been previously deferred.  There was no such revenue recognized during the current year period.  

A tabular summary of our revenues for the nine months ended September 30, 2010, and 2009, is included at the end of this release.

Generics third party net sales were $3.63 billion in the current nine months, compared to $3.33 billion in the same prior year period.

Third party net sales from North America were $1.71 billion for the nine-month period, compared to $1.56 billion for the comparable prior year period, representing an increase of $150.9 million, or 9.7%. This increase was driven by sales contributed from new products in the U.S. and Canada in the amount of $255.0 million, and increased revenues on certain products as a result of Mylan's ability to remain a source of stable supply as certain competitors experienced regulatory and supply issues. Partially offsetting these increases was unfavorable pricing on certain other existing products, including divalproex ER.

Third party net sales from EMEA were $1.15 billion for the nine-month period ended September 30, 2010, compared to $1.16 billion for the comparable prior year period, a decrease of $11.3 million, or 1.0%. Translating current year third party net revenues from EMEA at prior year exchange rates would have resulted in year-over-year increase in third party net revenues e
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SOURCE Mylan Inc.
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