Mylan's quarterly revenue jumps 31 percent


Generic drugmaker Mylan NV reported a 31.2 percent rise in quarterly revenue, helped by demand for products it gained through the acquisition of Swedish drugmaker Meda last year.

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Mylan, under federal investigations related to high prices for its EpiPen emergency allergy treatment, said revenue rose to $3.27 billion in the fourth quarter from $2.49 billion a year earlier.

The company's net profit rose to $417.5 million, or 78 cents per share, in the quarter from $194.6 million, or 38 cents per share, a year earlier.

(Reporting by Natalie Grover in Bengaluru; Editing by Savio D'Souza)