Team Case Leadership Financial Sustainability Communication GREEN - - PowerPoint PPT Presentation

Team Case

Leadership Financial Sustainability Communication

GREEN TEAM BRITTANY THEILMAN KELLY PAULINELLI KYLE SCOTT REBEKAH WEST SAMUEL DERGE TRICIA ROBISON

Photo Cred -www.1011now.com

Mylan Leadership

▪ Mylan Pharmaceu8cals is an

• rganiza8on that has mul8ple levels
• f leadership. CEO, President, Board
• f Directors, and a Board of

CommiEee. ▪ Heather Bresch-CEO since 2012 ▪ Rajiv Malik-President ▪ Board of Directors-Each director is elected by the company’s shareholders ▪ There are eight separate commiEees under the board of directors that have specific areas of interest

Chief Legal Officer

CEO Heather Bresch President Rajiv Malik

Chief Commercial Officer

Chief Financial

• fficer

Audit Committee

Compensation Committee Compliance Committee Executive Committee

Finance Committee

Governance & Nominating Committee

Risk Oversight Committee

Science & Technology 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 ▪ Only offered to provide savings cards for people who qualify for them

3 Kelly

Photo Cred - hEp://www.mylan.com

Communication and Leadership Relationship

Communication competence is a prerequisite for effective leadership

▪ Shortage ü Extend expira8on dates ▪ Viola8ons ü Increase produc8on ü Expedite shipment ▪ Recalls ▪ Overcharging ü Other subs8tu8ons ü Rebates and discounts “It’s so frustra8ng” “Why is this happening?” “What’s going to happen in the future?” “Supplies are inconsistent and inadequate” “It’s one thing a^er another” “It feel like we’re being taken advantage of” “This is my daughter’s life!”

Tricia & Kyle

Quotes from WSJ “EpiPen Shortage Hits Back-to-School Season”

Financial Sustainability Impact

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

“Drugmaker’s revenue fell 5% in the latest quarter, driven by steep declines in North America” Nishant Mohan - WSJ

5 Brittany & Bekah

2018

Source: Market Data Group

Financial Sustainability

Mylan acquired Merck’s EpiPen and 90% of the market Mylan Begins to raise the price of EpiPen Price gouging

• utrage

becomes mainstream Mylan introduces generic EpiPen at 50% discount Price gouging

• utrage

Mylan introduces generic EpiPen at 50% discount

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!