Investigation Commenced Against Viatris Inc. over Alleged Securities Law Violations
New York, NY – March 28, 2025
Levi & Korsinsky, a leading securities law firm, notifies investors that it has initiated an investigation into potential securities laws violations by Viatris Inc. (NASDAQ: VTRS). The investigation follows the release of Viatris’ fourth quarter and full year 2024 financial results on February 27, 2025. These results missed consensus estimates for key metrics, raising concerns among investors.
Fourth Quarter and Full Year 2024 Financial Results
In its press release, Viatris reported GAAP net sales of $4.5 billion for the fourth quarter of 2024, below the consensus estimate of $4.7 billion. The company also reported GAAP diluted earnings per share (EPS) of $0.98, missing the consensus estimate of $1.11. For the full year 2024, Viatris reported GAAP net sales of $17.8 billion, below the consensus estimate of $18.1 billion, and GAAP diluted EPS of $3.68, below the consensus estimate of $3.82.
Impact on Investors
The missed financial targets led to a significant decline in Viatris’ stock price, causing substantial losses for investors. Those who purchased Viatris shares prior to the release of the financial results may be eligible to recover their losses through a securities class action lawsuit. Levi & Korsinsky invites investors with an economic loss resulting from their purchase of Viatris securities between November 5, 2021, and February 26, 2025, to contact the firm.
Possible Securities Law Violations
The investigation by Levi & Korsinsky focuses on whether Viatris and certain of its officers or directors violated securities laws by making false and/or misleading statements regarding the company’s business, operations, and financial condition. Specifically, the firm is investigating whether the defendants failed to disclose: (1) the impact of increased competition on Viatris’ sales and earnings; (2) the impact of supply chain disruptions on Viatris’ ability to meet demand; and (3) the adequacy of Viatris’ internal controls and financial reporting.
Global Implications
The investigation into Viatris is a reminder of the importance of accurate financial reporting and disclosure, not just for individual investors, but for the global financial markets as a whole. Misrepresentations and omissions in financial statements can lead to significant stock price volatility and investor losses, as well as damage to a company’s reputation and long-term business prospects. As such, securities laws and regulations play a vital role in maintaining the integrity of financial markets and protecting investors.
Conclusion
If you invested in Viatris securities between November 5, 2021, and February 26, 2025, and suffered losses as a result of the company’s misrepresentations or omissions, you may be entitled to compensation. Levi & Korsinsky is committed to ensuring that all investors have the information they need to make informed decisions and recover their losses. To learn more about the investigation and your potential recovery options, please contact Levi & Korsinsky.
