Team Case Leadership Financial Sustainability Communication GREEN - PowerPoint PPT Presentation

Team Case Leadership Financial Sustainability Communication GREEN TEAM BRITTANY THEILMAN KELLY PAULINELLI Photo Cred -www.1011now.com KYLE SCOTT REBEKAH WEST SAMUEL DERGE TRICIA ROBISON

Mylan Leadership CEO ▪ Mylan Pharmaceu8cals is an Heather Bresch organiza8on that has mul8ple levels of leadership. CEO, President, Board of Directors, and a Board of President CommiEee. Rajiv Malik ▪ Heather Bresch-CEO since 2012 ▪ Rajiv Malik-President Chief Chief Chief Financial Commercial Legal ▪ Board of Directors-Each director is officer Officer Officer elected by the company’s shareholders Audit Compliance Compensation Executive Committee Committee Committee Committee ▪ There are eight separate commiEees under the board of directors that Science & Finance Governance & Risk Oversight have specific areas of interest Technology Nominating Committee Committee Committee Committee 2 Kelly

Leadership Beliefs ▪ Mylan’s culture and behavior is reflected as posi8ve and helpful to people in need ▪ Mylan leadership is one that believes in empowering it’s employees ▪ Follows rules and conduct set forth by company ▪ Believe in providing medica8on to people worldwide and pride themselves on that ▪ Mylan believes that they had no choice but to raise the cost of the EpiPen ▪ Wants aEen8on to be on the health care crisis ▪ No effort to lower the cost Photo Cred - hEp://www.mylan.com ▪ Only offered to provide savings cards for people who qualify for them 3 Kelly

Communication and Leadership Relationship Communication competence is a prerequisite for effective leadership ▪ Shortage “It’s so frustra8ng” ü Extend expira8on dates “Why is this happening?” ▪ Viola8ons “What’s going to happen in the future?” ü Increase produc8on “Supplies are inconsistent and inadequate” ü Expedite shipment “It’s one thing a^er another” ▪ Recalls “It feel like we’re being taken advantage of” ▪ Overcharging “This is my daughter’s life!” ü Other subs8tu8ons Quotes from WSJ “EpiPen Shortage Hits Back-to-School Season” ü Rebates and discounts Tricia & Kyle

Financial Sustainability Impact 2018 400-percent increase in the company’s life-saving allergy injector Ø EpiPen Auto-Injector, dropped as much as 9% after the company fell short of analysts’ estimates on sales and profit Analysts had expected $2.96 billion in revenue in 2018 Ø Revenue in the latest period sank 5% to $2.81 billion, driven by steep declines in North America Source: Market Data Group “Drugmaker’s revenue fell 5% in the latest quarter, driven by steep declines in North America” Nishant Mohan - WSJ 5 Brittany & Bekah

Financial Sustainability Mylan introduces generic EpiPen at 50% discount Mylan acquired Merck’s EpiPen and 90% of the market Mylan Begins to raise Price gouging the price of EpiPen outrage becomes mainstream Mylan introduces generic EpiPen at 50% discount Price gouging outrage Sam

Financial Summary Sam

Works Cited Mohan, Nishant. “Mylan to Re-Evaluate Strategy as Sales in North America Continue Sliding.” The Wall Street Journal , Dow Jones & Company, 8 Aug. 2018, www.wsj.com/articles/mylan-to-re- evaluate- strategy-as-sales-in-north-america-continue-sliding-1533737399. “MYL Financials| Mylan N.V. Stock.” Yahoo! Finance , Yahoo!, 12 Oct. 2018, finance.yahoo.com/quote/MYL/ financials?p=MYL. “MYL Interactive Chart | Mylan N.V. Stock.” Yahoo! Finance , Yahoo!, 12 Oct. 2018, finance.yahoo.com/quote “Mylan Worldwide.” Mylan: Seeing Is Believing , www.mylan.com/en/company/corporate-governance . Parker-Pope, Tara, and Rachel Peachman. “EpiPen Price Rise Sparks Concern for Allergy Sufferers.” The New York Times , The New York Times, 22 Aug. 2016, well.blogs.nytimes.com/2016/08/22/epipen-price-rise- sparks-concern-for-allergy-sufferers/?_r=1. Ramsey, Lydia. “The $300 Generic EpiPen Is Here.” Business Insider , Business Insider, 16 Dec. 2016, www.businessinsider.com/mylan-launches-authorized-generic-epipen-for-300-2016-12 The Editorial Board. “A Shot of Competition for EpiPen.” The Wall Street Journal , Dow Jones & Company, 19 Aug. 2018, https://www.wsj.com/articles/a-shot-of-competition-for-epipen- 1534716945? mod=searchresults&page=1&pos=6 Walker, Joseph. “EpiPen Shortage Hits Back-to-School Season.” The Wall Street Journal , Dow Jones & Company, 25 Aug. 2018, https://www.wsj.com/articles/epipen-shortage-hits-back-to-school- season-1535202001?mod=searchresults&page=1&pos=5 8

Thank you!