Mission Statement, Vision, & Core Values of Viatris Inc. (VTRS)

Ever wondered what drives a global healthcare company like Viatris? How do they aim to navigate the complexities of the healthcare industry while delivering value to patients and shareholders alike? Understanding a company's mission, vision, and core values provides insight into its strategic direction and operational focus. Let's delve into the core principles that guide Viatris, especially considering their $14.7 billion in total revenues for 2024 and their commitment to debt reduction by $3.7 billion.

Viatris Inc. (VTRS) An Overview of

Viatris Inc. (VTRS) was formed in 2020 through the combination of Mylan N.V. and Upjohn, a division of Pfizer. Viatris offers a portfolio of prescription medications, generic drugs, biosimilars, and over-the-counter (OTC) products. The company operates with a global perspective, aiming to provide access to medicine, advance sustainable operations, and develop innovative solutions. As of April 2025, Viatris continues to evolve its strategies in response to market dynamics and healthcare needs worldwide.

Viatris Inc. reported its financial results for the year 2024, with total revenues of $15.426 billion. Key highlights from the report include:

• Q4 2024 Total Revenues: $3.87 billion
• Full Year 2024 Total Revenues: $15.426 billion
• 2024 Net Sales: Increased by 2%, driven by growth in Developed Markets and Emerging Markets, which was partially offset by a decrease in Greater China.

Viatris is a significant participant in the healthcare industry, committed to helping people worldwide live healthier at every stage of life. The company leverages its global infrastructure, scientific expertise, and manufacturing capabilities to provide access to quality medicines. Interested in learning more? Discover detailed insights into Viatris Inc.'s financial performance and stability: Breaking Down Viatris Inc. (VTRS) Financial Health: Key Insights for Investors

Viatris Inc. (VTRS) Mission Statement of

Viatris Inc.'s mission is to empower people worldwide to live healthier at every stage of life. The company aims to provide access to medicine, advance sustainable operations, and develop innovative solutions. These elements reflect Viatris's dedication to global health and well-being.

Viatris focuses on:

• Access: Ensuring that people around the world can obtain the medicines they need.
• Leadership: Setting standards in the healthcare industry.
• Partnership: Collaborating with others to achieve common goals.

The core components of Viatris's mission statement are detailed below:

Empowering People Worldwide

Viatris is dedicated to improving global health by ensuring access to necessary medicines. This commitment extends to various regions and demographics, addressing diverse healthcare needs. The company operates in numerous markets worldwide, striving to reduce health disparities and improve patient outcomes. In 2024, Viatris reported that it reached millions of patients globally, underscoring its extensive reach and impact.

Living Healthier at Every Stage of Life

Viatris aims to support individuals' health throughout their lives, from prevention to treatment and maintenance. This holistic approach involves providing a wide range of products and services that cater to different age groups and health conditions. For example, Viatris offers medications for chronic diseases, women’s health products, and over-the-counter remedies. The company’s portfolio is designed to address health needs at every life stage. According to the 2024 annual report, Viatris invested significantly in research and development to expand its offerings and meet evolving healthcare demands.

Providing Access to Medicine

A key aspect of Viatris's mission is to ensure that people have access to the medicines they need, regardless of their location or socioeconomic status. Viatris works to overcome barriers such as affordability, availability, and awareness to improve access to healthcare. The company participates in various initiatives and partnerships to distribute medicines in underserved communities and reduce healthcare costs. In 2024, Viatris reported that its access programs helped millions of patients obtain essential medications at affordable prices. Viatris Inc. (VTRS): History, Ownership, Mission, How It Works & Makes Money

Advancing Sustainable Operations

Viatris is committed to conducting its business in an environmentally and socially responsible manner. This includes reducing its environmental footprint, promoting ethical business practices, and supporting the communities in which it operates. The company has implemented various sustainability initiatives, such as reducing greenhouse gas emissions, conserving water, and promoting diversity and inclusion. In 2024, Viatris announced new targets for reducing its environmental impact and enhancing its social responsibility efforts. These efforts align with global sustainability goals and demonstrate Viatris's commitment to long-term value creation.

Developing Innovative Solutions

Viatris invests in research and development to create new and improved healthcare solutions. This includes developing novel formulations, improving drug delivery systems, and exploring new therapeutic areas. The company collaborates with academic institutions, research organizations, and other industry partners to accelerate innovation and bring new products to market. In 2024, Viatris highlighted its pipeline of innovative products, including biosimilars and specialty medicines, which are expected to drive future growth and address unmet medical needs.

Viatris Inc. (VTRS) Vision Statement

To provide a clearer picture of the strategic goals, mission, and values, this chapter delves into the vision statement of a company, referencing publicly available information to provide an accurate representation as of April 2025. Viatris' financial performance and strategic initiatives are considered to ensure alignment between its stated vision and its operational execution. For a deeper understanding of Viatris' investors, you might find this resource helpful: Exploring Viatris Inc. (VTRS) Investor Profile: Who’s Buying and Why?

Viatris' mission is to empower people worldwide to live healthier at every stage of life. This is achieved by:

• Providing access to medicines, regardless of geography or circumstance.
• Advancing sustainable operations and innovative solutions to improve patient health.
• Leveraging its global platform to address unmet needs.

In 2024, Viatris reported total revenues of $15.429 billion, reflecting its extensive global reach and the impact of its diverse product portfolio. This figure highlights the company's significant role in the pharmaceutical industry and its capacity to deliver on its mission. The company's commitment to access is evident in its efforts to provide affordable medicines in various markets, including developing countries.

Viatris envisions a world where everyone, everywhere, has access to the medicines and healthcare they need. This vision is supported by several key strategies:

• Focusing on complex product development and manufacturing.
• Expanding its biosimilars portfolio.
• Driving growth in emerging markets.

The company's pipeline includes a range of complex generics and biosimilars, aimed at providing cost-effective alternatives to branded drugs. Viatris' strategic focus on biosimilars is particularly noteworthy, as this market is expected to grow significantly in the coming years. For example, the biosimilars market is projected to reach $100 billion globally by 2029, presenting a substantial opportunity for Viatris.

Viatris is guided by a set of core values that underpin its operations and strategic decisions:

• Integrity: Conducting business ethically and transparently.
• Collaboration: Working together to achieve common goals.
• Innovation: Continuously seeking new and better ways to serve patients.
• Performance: Delivering results and creating value for stakeholders.
• Inclusion: Embracing diversity and fostering an inclusive workplace.

These values are reflected in Viatris' corporate governance practices and its commitment to environmental, social, and governance (ESG) principles. In 2024, Viatris continued to advance its ESG initiatives, focusing on areas such as:

• Reducing its environmental footprint.
• Promoting access to healthcare in underserved communities.
• Ensuring ethical sourcing and supply chain management.

Viatris' dedication to these values is integral to its long-term sustainability and its ability to create lasting value for patients, shareholders, and society.

Viatris Inc. (VTRS) Core Values of

At Company, the core values reflect a commitment to improving global health and access to medicine. These values guide the company's actions and decisions, shaping its culture and influencing its impact on patients, employees, and shareholders. You can explore the history, ownership, mission, and business model of Company further: Viatris Inc. (VTRS): History, Ownership, Mission, How It Works & Makes Money

Making an Impact

Company is dedicated to making a significant impact on global healthcare. This involves not only developing and distributing medications but also ensuring they reach the people who need them most. The company focuses on addressing unmet medical needs and improving patient outcomes worldwide.

• Expanding Access to Medicines: Company works to increase the availability of affordable, quality medicines, particularly in underserved communities.
• Addressing Unmet Needs: The company invests in research and development to create new treatments for diseases with limited or no existing options.
• Improving Patient Outcomes: Company supports initiatives that enhance patient education, adherence, and overall health management.

Integrity

Integrity is at the heart of everything Company does. This means conducting business ethically, transparently, and with accountability. The company strives to build trust with its stakeholders by adhering to the highest standards of conduct.

• Ethical Conduct: Company has policies and procedures in place to ensure ethical behavior in all aspects of its operations.
• Transparency: The company is committed to open communication and providing stakeholders with accurate and timely information.
• Accountability: Company holds itself responsible for its actions and takes steps to address any issues that arise.

Teamwork

Company recognizes that collaboration is essential for achieving its goals. The company fosters a culture of teamwork, where employees work together to share knowledge, solve problems, and drive innovation.

• Collaboration: Company encourages employees to collaborate across departments and functions to achieve common objectives.
• Knowledge Sharing: The company provides platforms and opportunities for employees to share their expertise and learn from one another.
• Innovation: Company supports teamwork as a catalyst for generating new ideas and developing innovative solutions.

Inclusion

Company values diversity and inclusion as critical components of its success. The company strives to create a workplace where everyone feels valued, respected, and empowered to contribute their best work. This commitment extends to its interactions with patients, customers, and communities around the world.

• Diversity: Company actively promotes diversity in its workforce, reflecting the diverse communities it serves.
• Respect: The company fosters a culture of respect, where all employees are treated with dignity and fairness.
• Empowerment: Company empowers employees to take ownership of their work and contribute their unique perspectives.

Excellence

Company is committed to achieving excellence in all that it does. This means setting high standards, continuously improving its processes, and delivering exceptional results for its stakeholders. The company strives to be a leader in its industry by consistently exceeding expectations.

• High Standards: Company sets ambitious goals and strives to achieve the highest levels of performance.
• Continuous Improvement: The company invests in training, technology, and process optimization to enhance its efficiency and effectiveness.
• Exceptional Results: Company is dedicated to delivering superior value to its patients, customers, employees, and shareholders.