Mylan N.V. (NASDAQ:MYL) Q1 2019 Earnings Conference Call - Final Transcript

May 07, 2019 • 10:00 am ET


Mylan N.V. (NASDAQ:MYL) Q1 2019 Earnings Conference Call - Final Transcript


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Good morning, my name is Christie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Mylan First Quarter 2019 Earnings Conference Call and Webcast. All participant lines have been placed on-mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. (Operator Instructions) Thank you.

I will now turn the call over to Melissa Trombetta, Head of Global Investor Relations. Please go ahead.

Melissa Trombetta

Thank you. Christie. Good morning, everyone. Welcome to Mylan's first quarter 2019 earnings conference call. Joining me for today's call are Mylan's Chief Executive Officer, Heather Bresch; President, Rajiv Malik; Chief Commercial Officer, Tony Mauro; and Chief Financial Officer, Ken Parks.

During today's call, we will be making forward-looking statements on a number of matters, including our financial guidance for 2019. These forward-looking statements are subject to risks and uncertainties that could cause further results or events to differ materially from today's projections. Please refer to the earnings release we furnished to the SEC on Form 8-K earlier today, as well as our supplemental earnings slides, all of which are posted on our website at for a further explanation of those risks and uncertainties and the limits applicable to forward-looking statements.

Mylan routinely posts information that may be important to investors on this website, and we use this website address as a means of disclosing material information to the public in a broad, non-exclusionary manner for purposes of the SEC's Regulation Fair Disclosure Reg FD. In addition, we will be referring to certain actual and projected financial metrics of Mylan on an adjusted basis, which are non-GAAP financial measures. We will refer to those measures as adjusted and present them in order to supplement your understanding and assessment of our financial performance.

Non-GAAP measures should not be considered a substitute for or superior to financial measures calculated in accordance with GAAP. The most directly comparable GAAP measures, as well as reconciliations of the non-GAAP measures to those GAAP measures, are available in our first quarter earnings release and supplemental earnings slides, as well as on our website.

Let me also remind you that the information discussed during the call, except for the participants questions is the property of Mylan and cannot be recorded or rebroadcast without Mylan's express written permission. An archived copy of today's call will be available on our website and will remain available for a limited time.

With that, I'd like to turn the call over to Heather.

Heather Bresch

Thank you, Melissa. Good morning, everyone and thank you for joining today's call. Mylan's first quarter represents a solid start to the year. Importantly, and that's the continued evolution of our industry in the US and around the world, we remain positioned to reaffirm our full-year guidance. Following my remarks, Ken will give more details on our financial results and then Rajiv and Tony will join us for Q&A.

I'd like to first provide some high level color on our quarter,