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VTRS

Viatris Innovation GmbHdistress 2/10 · well-funded / low risk
$16.82-1%today-4% from 52w high
viatris.com30,000 employeesFounded 1961Canonsburg, PADrug Manufacturers - Specialty & Generic
Lead: Lupus Erythematosus · est. market ~$5B (approx, global)
Revenue
$3517M
Liquidity
$1804M
Runway
Shares 1y
0%

Price & events

+29.1% over 6M
$12.77$15.18$17.59Jan 26Apr 26Jul 2634.8Mdilution: 424B5 offering (2026-06-15)dilution: FWP offering (2026-06-12)dilution: 424B5 offering (2026-06-12)financing: 8-K material_agreement (2026-07-01)financing: 8-K material_agreement (2026-06-18)rating: Barclays: Overweight (2026-05-19)rating: JP Morgan: Neutral (2026-05-08)rating: Truist Securities: Buy (2026-05-08)rating: Barclays: Overweight (2026-03-24)rating: Piper Sandler: Neutral (2026-01-28)
CatalystRating changeDilutionFinancingdashed = today
-1.1%
1D
-2.9%
1W
+6.8%
1M
+14.9%
3M
+29.4%
6M
+86.6%
1Y
+59.3%
2Y
+49.2%
5Y
+12.8%
All

Overview

Market Cap
$19.59B
Enterprise Value
$30.20B
Volume
402.29K
52 Week Range
$8.74 – $17.59
Total Shares
1.16B
Float Shares
1.16B
Short %
4.13%
% Held by Insiders
0.31%
% Held by Institutions
88.24%
RVOL
0.04x
Beta
0.90

Pipeline stages · 4 programs

Cenerimod
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-10-31
MR-130A-01 contraceptive transdermal patch, containing norelgestromin (NGMN)
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-11-30
Selatogrel
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-12
Transdermal system containing progestin
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2027-05

Pipeline · 8 trials · 8 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-10-31
Estimated 50%
readout ~2027-01-14
Phase 3CenerimodLupus Erythematosus, Systemicactive not recruiting
2026-10-31
Estimated 50%
readout ~2027-01-14
Phase 3CenerimodLupus Erythematosus, Systemicactive not recruiting
2026-11-30
Estimated 50%
readout ~2027-01-14
Phase 2MR-130A-01 contraceptive transdermal patch, containing norelgestromin (NGMN)Contraceptionrecruiting
2026-12
Estimated 50%
readout ~2027-02-14
Phase 3SelatogrelAcute Myocardial Infarctionenrolling by invitation
2027-05
Estimated 50%
readout ~2027-07-15
Phase 3Transdermal system containing progestinFemale Contraceptionactive not recruiting
Show all 8 trials · 3 more ▾
ReadoutPhaseDrugIndicationEnrollStatus
2027-10-08
Estimated 50%
readout ~2027-11-22
Phase 2cenerimod 4 mgSLE - Systemic Lupus Erythematosusactive not recruiting
2028-05
Estimated 50%
readout ~2028-07-15
Phase 3CenerimodLupus Erythematosus, Systemicenrolling by invitation
2029-08
Estimated 50%
readout ~2029-10-15
Phase 3CenerimodNephritis, Lupus, Lupus Erythematosus, Systemicrecruiting

Catalyst news & presentations · 2

Approved drugs (14)

  • TOBI PODHALERTOBRAMYCIN2013 · Prescription
  • REVATIOSILDENAFIL CITRATE2012 · Discontinued
  • REVATIOSILDENAFIL CITRATE2009 · Prescription
  • EDLUARZOLPIDEM TARTRATE2009 · Prescription
  • ASTEPROAZELASTINE HYDROCHLORIDE2008 · Discontinued
  • ELESTRINESTRADIOL2006 · Prescription
  • REVATIOSILDENAFIL CITRATE2005 · Prescription
  • CARDURA XLDOXAZOSIN MESYLATE2005 · Prescription
  • GEODONZIPRASIDONE MESYLATE2002 · Prescription
  • NITROSTATNITROGLYCERIN2000 · Prescription

Capital structure — dilution & financing

Shares out: 1,164,552,654 · 3 offerings/1y · 0 PIPEs
  • 2026-07-018-Kmaterial_agreement
  • 2026-06-188-Kmaterial_agreement
  • 2026-06-15424B5offering
  • 2026-06-12424B5offering
  • 2026-06-12FWPoffering
  • 2025-05-08S-3ASRshelf_registration
  • 2024-11-12SC 13G/Astrategic_stake
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
Upgrade to Pro
🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
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Wall St ratings

buy · target $18 (+6% upside) · 8 analysts
  • 2026-05-19BarclaysOverweight
  • 2026-05-08JP MorganNeutral
  • 2026-05-08Truist SecuritiesBuy
  • 2026-03-24BarclaysOverweight
  • 2026-01-28Piper SandlerNeutral
  • 2026-01-16Argus ResearchHold → Buy

Competitors — Lupus Erythematosus

  • ABBVAbbVie Inc.$451.1B · D2
  • NVSEFNOVARTIS AG$292.0B · D3
  • BIIBBIOGEN INC.$29.2B · D2
  • ZBIOZenas BioPharma, Inc.$2.0B · D3
  • CGEMCullinan Therapeutics, Inc.$1.1B · D1
  • AUTLAutolus Therapeutics plc$378M · D8
  • FATEFATE THERAPEUTICS INC$294M · D3
  • CELG-RIBRISTOL MYERS SQUIBB CO$241M · D2
  • ACETAdicet Bio, Inc.$78M · D5
  • AZNASTRAZENECA PLC · D3

Not financial advice. Data: ClinicalTrials.gov, SEC EDGAR, FINRA, Nasdaq, Yahoo.