NEW
YORK, July 14, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action
lawsuit has commenced on behalf of shareholders of Viatris Inc.
(NASDAQ: VTRS).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/viatris-inc-class-action-loss-submission-form/?id=42074&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Viatris between March 1,
2021 and February 25, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
July 14, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Viatris Inc. issued materially
false and/or misleading statements and/or failed to disclose that:
(i) the Company was experiencing significantly more competition in
its United States complex generics
business than disclosed; (ii) the Company was not able to
effectively manage its base business erosion or create a stable
revenue base; (iii) despite being on the Company's only growth
drivers, Viatris was actively planning to divest its biosimilars
business in order to secure enough cash to let it purportedly meet
its phase one goals; (iv) Viatris was deviating from the business
model it touted throughout the Class Period and undertaking a
significant global reshaping of its business which would undermine
its ability to achieve stable revenue growth; and (v) the Company
was anticipating less financial growth moving into 2022.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities
fraud. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law