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Amneal Pharmaceuticals Inc

For the period ended Jun 30, 2024. Filed Aug 9, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 9, 2024

AMRX$21.28+5.7%Stored close · as of Nov 9, 2026

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Cautionary Note Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q and other publicly available documents of Amneal Pharmaceuticals, Inc. contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States (“U.S.”) Private Securities Litigation Reform Act of 1995. Management and representatives of Amneal Pharmaceuticals, Inc. and its subsidiaries (“the Company”, “we”, “us”, or “our”) also may from time to time make forward-looking statements. Forward-looking statements do not relate strictly to historical or current facts and reflect management’s assumptions, views, plans, objectives and projections about the future. Forward-looking statements may be identified by the use of words such as “plans,” “expects,” “will,” “anticipates,” “targets,” “estimates,” and other words of similar meaning in conjunction with, among other things: discussions of future operations; expected operating results and financial performance; impact of planned acquisitions and dispositions; our strategy for growth; product development; regulatory approvals; market position and expenditures.

Because forward-looking statements are based on current beliefs, expectations and assumptions regarding future events, they are subject to uncertainties, risks and changes that are difficult to predict and many of which are outside of our control. Investors should realize that if underlying assumptions prove inaccurate, known or unknown risks or uncertainties materialize, or other factors or circumstances change, our actual results and financial condition could vary materially from expectations and projections expressed or implied in our forward-looking statements. Investors are therefore cautioned not to rely on these forward-looking statements.

Summary of Material Risks

Risks and uncertainties that make an investment in the Company speculative or risky or that could cause our actual results to differ materially from the forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to:

our ability to successfully develop, license, acquire and commercialize new products on a timely basis;

the competition we face in the pharmaceutical industry from brand and generic drug product companies, and the impact of that competition on our ability to set prices;

our ability to obtain exclusive marketing rights for our products;

our revenues derived from the sales of a limited number of products, a substantial portion of which are through alimited number of customers;

the impact of a prolonged business interruption within our supply chain;

the continuing trend of consolidation of certain customer groups;

our dependence on third-party suppliers and distributors for raw materials for our products and certain finished goods;

legal, regulatory and legislative efforts by our brand competitors to deter competition from our generic alternatives;

our dependence on information technology systems and infrastructure and the potential for cybersecurity incidents;

our ability to attract, hire and retain highly skilled personnel;

risks related to federal regulation of arrangements between manufacturers of branded and generic products;

our reliance on certain licenses to proprietary technologies from time to time;

the significant amount of resources we expend on research and development (“R&D”);

the risk of claims brought against us by third parties such as those described in Note 17. Commitments and Contingencies - Other Litigation Related to the Company’s Business;

risks related to changes in the regulatory environment, including U.S. federal and state laws related to healthcare fraud abuse and health information privacy and security and changes in such laws;

changes to Food and Drug Administration (“FDA”) product approval requirements;

the impact of healthcare reform and changes in coverage and reimbursement levels by governmental authorities and other third-party payers;

our dependence on third-party agreements for a portion of our product offerings;

our substantial amount of indebtedness and our ability to generate sufficient cash to service our indebtedness in the future, and the impact of interest rate fluctuations on such indebtedness;

our potential expansion into additional international markets subjecting us to increased regulatory, economic, social and political uncertainties;

our ability to identify, make and integrate acquisitions or investments in complementary businesses and products on advantageous terms;

the impact of global economic, political or other catastrophic events;

our obligations under a tax receivable agreement may be significant;

the high concentration of ownership of our Class A common stock and the fact that we are controlled by the Amneal Group (as defined in Item 1. Businessin the Company’s 2023 Annual Report on Form 10-K); and

such other factors as may be set forth elsewhere in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, particularly in the section entitled 1A. Risk Factors and our public filings with the SEC.

Investors should carefully read our Annual Report on Form 10-K for the year ended December 31, 2023, including the section 1A. Risk Factors, for a description of certain risks that could, among other things, cause our actual results to differ materially from those expressed in our forward-looking statements. Investors should understand that it is not possible to predict or identify all such factors and should not consider the risks described herein and in our Annual Report to be a complete statement of all potential risks and uncertainties. The Company does not undertake to publicly update any forward-looking statement that may be made from time to time, whether as a result of new information or future events or developments.

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