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Company > Mylan: Business Model, SWOT Analysis, and Competitors 2023

Mylan: Business Model, SWOT Analysis, and Competitors 2023

Published: Jun 27, 2023

Inside This Article


    In this blog article, we will delve into Mylan's business model, conduct a comprehensive SWOT analysis, and explore its key competitors in the pharmaceutical industry. Mylan, a global healthcare company, has established itself as a leading player in the market, providing a wide range of generic and specialty pharmaceutical products. By analyzing its strengths, weaknesses, opportunities, and threats, we aim to gain a deeper understanding of Mylan's position in the industry and the challenges it may face in the coming years. Furthermore, we will examine its competitors to assess the competitive landscape and potential areas for growth and innovation.

    What You Will Learn:

    • Who owns Mylan and the key stakeholders involved in the company's ownership structure.
    • The mission statement of Mylan and how it guides the company's operations and decision-making.
    • The various revenue streams and business strategies employed by Mylan to generate income.
    • An in-depth understanding of Mylan's business model canvas, including its key components and how they interrelate.
    • Identification of the main competitors in the pharmaceutical industry that pose a challenge to Mylan's market dominance.
    • A comprehensive SWOT analysis of Mylan, analyzing its strengths, weaknesses, opportunities, and threats in the market.

    Who owns Mylan?

    Mylan, a global pharmaceutical company, has a complex ownership structure involving various shareholders and institutional investors. Understanding who owns Mylan is crucial for investors and stakeholders interested in its financial health and decision-making processes.

    Major Shareholders and Institutional Investors

    One of the largest shareholders of Mylan is The Vanguard Group, a renowned investment management company. As of the latest available data, The Vanguard Group holds a significant stake in Mylan, representing a substantial ownership interest. This makes them one of the key players in shaping Mylan's future.

    BlackRock, another prominent investment management firm, is also a major shareholder of Mylan. With its vast portfolio and widespread influence, BlackRock's ownership in Mylan ensures it has a say in the company's strategic decisions.

    Various institutional investors, including mutual funds, pension funds, and insurance companies, also hold substantial positions in Mylan. These institutional investors often play a crucial role in shaping the company's governance and long-term direction.

    Founders and Family Ownership

    Mylan was founded by Milan Puskar and Don Panoz in 1961. While Milan Puskar passed away in 2011, his family's ownership stake in Mylan continues through the Milan Puskar Trust. The trust holds a significant ownership interest in the company, ensuring the Puskar family has a voice in its affairs.

    Public Shareholders

    Mylan is a publicly-traded company listed on major stock exchanges. This means that anyone who purchases its shares on the open market can become a shareholder. Public shareholders play a crucial role in Mylan's ownership structure, as their investments provide the necessary capital for the company's operations and growth.


    Mylan's ownership is a combination of major institutional investors, founders and their families, and public shareholders. The participation of these stakeholders ensures a diverse range of perspectives and interests in the company. By understanding who owns Mylan, investors and stakeholders can gain insights into the decision-making processes and potential future developments.

    What is the mission statement of Mylan?

    The Mission Statement of Mylan: Empowering People with Accessible and Affordable Healthcare

    Mylan, a global pharmaceutical company, is guided by a clear mission statement that drives its operations and strategic decisions. The company's mission is to empower people by providing them with access to high-quality, affordable healthcare solutions.

    With a strong focus on accessibility and affordability, Mylan aims to break down barriers that prevent individuals from obtaining the medicines they need. By leveraging its expertise in generic and specialty pharmaceuticals, Mylan works diligently to ensure that patients have access to safe and effective treatments, regardless of their geographical location or economic status.

    Commitment to Quality and Innovation

    At the core of Mylan's mission is a commitment to ensuring the highest standards of quality in its products and services. The company consistently invests in research and development to innovate and improve its offerings, striving to deliver breakthrough treatments that address unmet medical needs.

    Mylan's dedication to quality is evident in its adherence to rigorous regulatory standards and its commitment to continuously enhancing manufacturing processes. By maintaining a focus on quality, Mylan aims to instill confidence in patients and healthcare providers, ensuring that every product that bears its name is safe, effective, and reliable.

    Promoting Accessible Healthcare

    Mylan recognizes that healthcare should not be a privilege but a fundamental right for all individuals. To fulfill this vision, the company actively works to remove barriers that hinder access to essential medications. By leveraging its global reach and extensive distribution network, Mylan strives to make healthcare more accessible, particularly in underserved communities and developing countries.

    Through strategic partnerships, advocacy efforts, and innovative pricing models, Mylan endeavors to provide affordable healthcare solutions that do not compromise on quality. The company believes that everyone, regardless of their socioeconomic background, should have equal access to life-saving medications and treatments.

    Advocacy for Patient-Centric Care

    Mylan's mission extends beyond providing medicines; it also encompasses advocating for patient-centric care. The company actively engages with patients, healthcare providers, and policymakers to understand their needs and concerns fully. By listening to the voices of patients and healthcare professionals, Mylan aims to develop solutions that align with their preferences and improve overall patient outcomes.

    Through education and awareness initiatives, Mylan seeks to empower patients to take an active role in managing their health. The company recognizes that well-informed patients are better equipped to make healthcare decisions and achieve better treatment outcomes.


    Mylan's mission statement reflects its unwavering commitment to improving global healthcare access, quality, and affordability. By empowering individuals with accessible and affordable healthcare solutions, the company aims to make a positive impact on the lives of millions worldwide. Through its dedication to quality, innovation, and patient-centric care, Mylan strives to be a trusted partner in the pursuit of better health for all.

    How does Mylan make money?

    Revenue streams of Mylan

    Mylan, a global pharmaceutical company, generates revenue through various channels. Let's take a closer look at the primary revenue streams that contribute to Mylan's financial success:

    1. Generic pharmaceuticals sales

    Mylan is renowned for its extensive portfolio of generic pharmaceutical products. Generic drugs are bioequivalent alternatives to brand-name medications, offering similar therapeutic effects at lower costs. Mylan manufactures and sells a wide range of generic drugs, including tablets, capsules, injectables, and transdermal patches, among others. These products are distributed to wholesale and retail pharmacies, hospitals, and healthcare institutions worldwide. The revenue generated from the sale of generic pharmaceuticals forms a significant portion of Mylan's overall earnings.

    2. Brand-name specialty pharmaceuticals

    In addition to their generic drug offerings, Mylan also markets and sells brand-name specialty pharmaceuticals. These medications are typically used to treat complex diseases or conditions that require specialized therapies. Mylan's brand-name portfolio encompasses various therapeutic areas, including respiratory, central nervous system, and infectious diseases. By leveraging their research and development capabilities, Mylan develops innovative treatments and brings them to market, contributing to their revenue stream.

    3. Contract manufacturing and development services

    Mylan's expertise in pharmaceutical manufacturing and development extends beyond their own products. The company also provides contract manufacturing and development services to other pharmaceutical companies. Through this business segment, Mylan utilizes its manufacturing facilities, technical expertise, and regulatory knowledge to produce drugs on behalf of third-party companies. This revenue stream diversifies their income and enhances their overall profitability.

    4. Licensing and royalty agreements

    Mylan engages in licensing and royalty agreements with other pharmaceutical companies, allowing them to utilize their intellectual property or access their distribution networks. These agreements may involve the sale of rights to market or manufacture a specific drug or the receipt of royalty payments based on the sales of licensed products. By strategically partnering with other industry players, Mylan can generate additional revenue while leveraging their existing resources and capabilities.

    5. International operations

    Mylan operates in several countries worldwide, enabling them to tap into diverse markets and expand their global footprint. By establishing subsidiaries, joint ventures, or strategic partnerships in different regions, Mylan can access local markets and cater to the specific healthcare needs of each country. International sales contribute significantly to Mylan's revenue stream, allowing them to capture opportunities in emerging economies and established markets alike.

    In conclusion, Mylan generates revenue through various means, including the sale of generic and brand-name pharmaceuticals, contract manufacturing and development services, licensing agreements, and international operations. This diversified approach ensures Mylan's financial stability while enabling them to provide affordable and accessible healthcare solutions to patients worldwide.

    Mylan Business Model Canvas Explained

    Introduction to the Business Model Canvas

    The Business Model Canvas is a strategic management tool that offers a visual representation of a company's business model. It is used to analyze, design, and describe an organization's value proposition, customer segments, revenue streams, key activities, resources, partnerships, and cost structure. By examining these key components, companies can gain a comprehensive understanding of their business model and identify areas for improvement and innovation.

    Mylan's Value Proposition

    Mylan, a global pharmaceutical company, has a clear value proposition that centers around providing affordable and accessible healthcare solutions to patients worldwide. Their mission is to ensure that quality medicine is within reach of everyone, regardless of their geographic location or financial status.

    Customer Segments

    Mylan caters to a wide range of customer segments, including patients, healthcare providers, hospitals, and pharmacies. They focus on serving both the developed and developing markets, recognizing the need for affordable medications globally.

    Revenue Streams

    Mylan generates revenue primarily through the sale of generic and branded pharmaceutical products. They also offer a range of medical devices and over-the-counter healthcare products. By strategically pricing their products to be affordable and accessible, Mylan can tap into a larger customer base and generate substantial revenue streams.

    Key Activities

    Mylan's key activities revolve around research and development, manufacturing, and distribution of pharmaceutical products. They invest heavily in the development of generic alternatives to branded drugs, ensuring that patients have access to cost-effective treatments. Additionally, Mylan emphasizes quality control and compliance with regulatory standards in their manufacturing processes.

    Resources and Partnerships

    Mylan's success is driven by their extensive network of partnerships with suppliers, contract manufacturers, and distributors. These collaborations enable them to efficiently source raw materials, manufacture products, and distribute them globally. Additionally, Mylan invests in research partnerships with academic institutions and other pharmaceutical companies to enhance their product portfolio.

    Cost Structure

    Mylan focuses on maintaining a lean cost structure by optimizing their manufacturing processes and supply chain management. This allows them to offer competitively priced medications without compromising on quality. By constantly seeking operational efficiencies, Mylan can minimize costs while delivering value to their customers.


    Understanding the Mylan Business Model Canvas provides valuable insights into how the company operates and creates value for its stakeholders. By prioritizing affordability and accessibility, Mylan has established itself as a key player in the pharmaceutical industry. Through their strategic partnerships, cost-effective manufacturing processes, and commitment to research and development, Mylan continues to make healthcare more accessible to people around the world.

    Which companies are the competitors of Mylan?

    Major Competitors of Mylan

    Mylan, a leading global pharmaceutical company, faces stiff competition in the highly competitive healthcare industry. Several companies are vying for market share and striving to secure their position in the market. Here are some major competitors of Mylan:

    1. Teva Pharmaceutical Industries Ltd.

    Teva Pharmaceutical Industries Ltd. is one of the largest generic drug manufacturers globally and is considered a direct competitor of Mylan. With a diverse product portfolio and a strong presence in both developed and emerging markets, Teva competes with Mylan across various therapeutic areas.

    2. Pfizer Inc.

    Pfizer Inc., a multinational pharmaceutical company, is another significant competitor of Mylan. Pfizer has a wide range of branded and generic pharmaceutical products, including biosimilars, which directly compete with Mylan's offerings. The company's global presence and extensive research and development capabilities enable it to challenge Mylan's market position.

    3. Sandoz International GmbH

    Sandoz International GmbH, a subsidiary of Novartis, is a prominent player in the generic pharmaceutical industry. With a focus on developing high-quality, affordable generic medications, Sandoz competes head-to-head with Mylan in various therapeutic categories. The company's strong distribution network and global reach make it a formidable competitor.

    4. Amgen Inc.

    Amgen Inc., a multinational biopharmaceutical company, poses competition to Mylan in the biosimilars market. With its expertise in developing innovative biologic therapies, Amgen has successfully launched biosimilar products that directly compete with Mylan's biosimilar portfolio. The company's strong research and development pipeline and established brand presence make it a significant rival.

    5. Sun Pharmaceutical Industries Ltd.

    Sun Pharmaceutical Industries Ltd., an Indian multinational pharmaceutical company, competes with Mylan primarily in the generic drug segment. With a vast product portfolio and a strong foothold in emerging markets, Sun Pharma poses a challenge to Mylan's market share. The company's focus on cost-effective manufacturing processes and strategic partnerships further strengthens its competitive position.

    These are just a few of the major competitors of Mylan in the pharmaceutical industry. The competitive landscape is dynamic, and new players continue to emerge, making it crucial for Mylan to consistently innovate and adapt to maintain its market position.

    Mylan SWOT Analysis


    • Strong global presence: Mylan has a strong global presence with operations in over 165 countries. This allows the company to tap into diverse markets and leverage its brand recognition and distribution network.

    • Broad product portfolio: Mylan offers a broad range of products across various therapeutic areas including cardiovascular, central nervous system, respiratory, and dermatology. This diversified portfolio helps the company generate steady revenue streams and reduces its dependence on a single product or market.

    • Robust manufacturing capabilities: Mylan has a robust manufacturing infrastructure with state-of-the-art facilities located across different geographies. This enables the company to ensure quality control, cost efficiency, and timely delivery of its products.


    • Overreliance on generics: Mylan's revenue heavily relies on generic drugs, which account for a significant portion of its sales. This exposes the company to intense competition, pricing pressures, and the risk of losing market exclusivity for key products.

    • Regulatory challenges: The pharmaceutical industry is highly regulated, and Mylan faces challenges in navigating complex regulatory frameworks across different countries. Compliance with changing regulations and obtaining necessary approvals can be time-consuming and costly.

    • Product recalls and quality issues: In the past, Mylan has faced product recalls and quality issues, which have impacted its reputation and raised concerns about the company's quality control measures. These incidents can erode customer trust and harm the company's brand image.


    • Expansion into emerging markets: With its strong global presence, Mylan has the opportunity to expand its footprint in emerging markets, where there is a growing demand for affordable healthcare. By tailoring its products to local needs and partnering with local distributors, Mylan can tap into these markets and capture new revenue streams.

    • Focus on biosimilars: The biosimilars market presents a significant opportunity for Mylan. As patents for biologic drugs expire, there is a growing demand for more affordable biosimilar alternatives. Mylan can leverage its expertise in generics to develop and commercialize biosimilar products, thus gaining a competitive advantage in this emerging market segment.

    • Strategic partnerships and acquisitions: Mylan can explore strategic partnerships and acquisitions to strengthen its product portfolio, expand market reach, and enhance its research and development capabilities. Collaborating with other pharmaceutical companies or acquiring smaller firms can provide Mylan with access to new technologies, intellectual property, and innovative products.


    • Intense competition: The pharmaceutical industry is highly competitive, with numerous players vying for market share. Mylan faces competition from both generic and branded pharmaceutical companies, which can impact its pricing power, market share, and profitability.

    • Price erosion: One of the major challenges for Mylan is the ongoing price erosion in the generic drug market. Increasing competition, regulatory changes, and pricing pressures from payers and governments can lead to lower prices for Mylan's generic products, thereby affecting its revenue and profitability.

    • Patent expirations: The expiration of patents for key branded drugs can pose a threat to Mylan's generic business. As competitors enter the market with their own generic versions, Mylan may experience a decline in sales and market share for these products.

    • Political and regulatory uncertainties: The pharmaceutical industry is subject to political and regulatory changes, which can create uncertainties for Mylan. Shifts in government policies, changes in healthcare regulations, or pricing reforms can impact the company's operations, pricing strategies, and profitability.

    Key Takeaways

    • Mylan is a publicly traded pharmaceutical company, meaning it is owned by shareholders who hold its stock.
    • The mission statement of Mylan is to provide access to high-quality medicine and set new standards in healthcare.
    • Mylan makes money by developing and manufacturing generic and branded pharmaceutical products, as well as through specialty and over-the-counter products.
    • The Mylan Business Model Canvas highlights the company's key activities, resources, value propositions, customer segments, and revenue streams.
    • Some of the main competitors of Mylan in the pharmaceutical industry include Teva Pharmaceutical Industries, Pfizer, Novartis, and GlaxoSmithKline.
    • A SWOT analysis of Mylan reveals its strengths (such as strong product portfolio and global presence), weaknesses (such as potential legal and regulatory challenges), opportunities (such as increasing demand for generic drugs), and threats (such as intense competition and pricing pressures).


    In conclusion, Mylan is a global pharmaceutical company that is dedicated to making quality medicine accessible and affordable for all. The company's mission statement emphasizes their commitment to providing reliable healthcare solutions to people around the world. Mylan generates revenue through various channels, including the sale of generic and branded pharmaceutical products, as well as licensing and partnerships. By focusing on key elements such as key activities, resources, and customer segments, the Mylan Business Model Canvas helps to illustrate how the company creates value and sustains its operations. As for competitors, Mylan faces competition from other pharmaceutical giants such as Teva Pharmaceutical Industries Ltd., Pfizer Inc., and Novartis AG. Lastly, a SWOT analysis of Mylan highlights its strengths, weaknesses, opportunities, and threats, providing a comprehensive understanding of the company's current position in the market. Overall, Mylan continues to navigate the challenging pharmaceutical landscape while striving to improve global access to affordable and high-quality healthcare.


    What happened to Mylan?

    As of September 2021, Mylan N.V., a global pharmaceutical company, has merged with Upjohn, a division of Pfizer Inc., to form a new company called Viatris Inc. The merger was completed in November 2020. Viatris is focused on providing access to high-quality medicines, improving patient access, and expanding global reach.

    Is Mylan now Viatris?

    Yes, Mylan is now part of Viatris. Mylan and Upjohn, a division of Pfizer, combined to form Viatris in November 2020. Viatris is a global pharmaceutical company that focuses on providing access to high-quality medicines around the world.

    Who are Mylan competitors?

    Some of Mylan's competitors include:

    1. Teva Pharmaceutical Industries Ltd.
    2. Pfizer Inc.
    3. Novartis International AG
    4. Sanofi S.A.
    5. GlaxoSmithKline plc
    6. Johnson & Johnson
    7. Merck & Co., Inc.
    8. Amgen Inc.
    9. AbbVie Inc.
    10. Eli Lilly and Company

    What company owns Mylan?

    As of September 2021, Mylan is owned by Viatris Inc. Viatris is a global healthcare company formed through a merger between Mylan and Upjohn, a division of Pfizer.

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