Mylan Increases 2012 Guidance Range to $2.45-2.55 vs $2.30-2.50; Announces $500M Share Repurchase Program

Mylan Inc.

today announced that it has increased its guidance range for 2012 to $2.45 to $2.55 in adjusted diluted earnings per share. Mylan's previous guidance range for 2012 was $2.30 to $2.50 per share. All of Mylan's other 2012 guidance metrics remain unchanged. Mylan CEO Heather Bresch commented: "As we have said previously, we expect 2012 to be the best year to date in Mylan's history. The increase in our guidance is a result of our continued strong operational performance." Mylan also announced that its Board of Directors has approved the repurchase of up to $500 million of the Company's common stock in the open market.