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Viatris

VTRS

Health Care

1

exclusion reason

1 theme

Corporate Misconduct (1)
VTRS Health Care Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Regulatory Violations
Since Mar 3, 2025

Viatris has accumulated a pattern of regulatory violations across multiple jurisdictions and domains, indicating systemic compliance failures. In November 2024, the UK Competition and Markets Authority fined the company £1.5 million for failing to comply with a compulsory order during its merger review. In January 2025, the U.S. Food and Drug Administration issued a warning letter to a Viatris plant detailing poor quality control and inadequate handling of manufacturing errors. This followed a significant legal settlement in April 2025, where Viatris agreed to pay up to $335 million over nine years to resolve nationwide opioid-related claims.

According to ViolationTracker, Viatris has been penalized in nine separate enforcement records, with total penalties exceeding $1 billion. While individual penalties may be capped by statute, the recurrence of violations—spanning competition law, drug safety, and public health litigation—demonstrates a repeated failure to meet regulatory standards. This pattern persists alongside significant financial strain, including a credit rating downgrade and high debt, which may pressure operational controls.

Research Sources 9 organizations

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.