Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  TEL AVIV STOCK EXCHANGE  >  Teva Pharmaceutical Industries Limited    TEVA   IL0006290147

My previous session
Most popular
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Teva Pharmaceutical Industries : Comments on Anticipated At Risk U.S. Launch of Generic Glatiramer Acetate 40mg,mL and Launch of Generic Glatiramer Acetate 20mg, mL

share with twitter share with LinkedIn share with facebook
share via e-mail
10/06/2017 | 12:45pm CEST

Release date- 05102017 - JERUSALEM - Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today commented that any launch by Mylan of a generic version of COPAXONE 40mg/ml (glatiramer acetate) prior to final resolution of the pending patent appeals and other patent litigation should be considered an 'at risk' launch, which could subject Mylan to significant damages among other remedies.

Additionally, Mylan also announced approval of a generic glatiramer acetate 20mg/mL.

'We have planned for the eventual introduction of a generic competitor to glatiramer acetate,' said Dr. Yitzhak Peterburg, Teva's Interim President and CEO. 'We remain confident in patient and physician loyalty to Teva's COPAXONE due to its recognized efficacy, safety and tolerability profile, and we will continue to promote and support the product. As we are closing the third quarter, it is too soon to officially comment on any change to our full year business outlook.'

Two appeals will be argued before a single panel of judges of the U.S. Court of Appeals for the Federal Circuit. In the first case, Teva is appealing the December 2016 inter partes review decisions of the Patent Trial Appeal Board that found all of the claims of three COPAXONE patents to be unpatentable. In the second case, Teva is appealing the January 2017 decision of the U.S. District Court for the District of Delaware, which declared certain claims of four COPAXONE patents invalid. The two appeals have been fully briefed and await the scheduling of oral arguments. In additional litigation, Teva brought suit against five Abbreviated New Drug Application (ANDA) filers, including Mylan, for infringement of a patent covering a manufacturing process for glatiramer acetate product.

Due to the anticipated launch of another generic 20mg glatiramer acetate product and the anticipated launch of a first generic 40mg glatiramer acetate product, Teva's early assessment of the impact of these launches to its earnings for the fourth quarter ended December 31, 2017 is that it could be affected by at least $0.25 cents per share. These conditions are subject to change based on the discount; adoption rate and other factors of the competitive products. Teva will provide additional details on its 3rd Quarter Earnings Conference Call onNovember 2, 2017.

About Teva

Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is a leading global pharmaceutical company that delivers high-quality, patient-centric healthcare solutions used by approximately 200 million patients in over 60 markets every day. Headquartered in Israel, Teva is the world's largest generic medicines producer, leveraging its portfolio of more than 1,800 molecules to produce a wide range of generic products in nearly every therapeutic area. In specialty medicines, Teva has the world-leading innovative treatment for multiple sclerosis as well as late-stage development programs for other disorders of the central nervous system, including movement disorders, migraine, pain and neurodegenerative conditions, as well as a broad portfolio of respiratory products. Teva is leveraging its generics and specialty capabilities in order to seek new ways of addressing unmet patient needs by combining drug development with devices, services and technologies. Teva's net revenues in 2016 were $21.9 billion.


Tel: 215-591-8912

(c) 2017 Electronic News Publishing -, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
08/19TEVA PHARMACEUTICAL INDUSTRIES : jumps on FDA approval for generic EpiPen
08/17TEVA PHARMACEUTICAL INDUSTRIES : jumps on FDA approval for generic EpiPen
08/17TODAY’S RESEARCH REPORTS ON STOCKS T : Teva Pharmaceutical and Mylan
08/17REGENERON PHARMACEUTICALS : Teva reports positive results on Phase III chronic p..
08/17REGENERON PHARMACEUTICALS : and Teva Announce Positive Topline Phase 3 Fasinumab..
08/16TEVA PHARMACEUTICAL INDUSTRIES : Antares Pharma Shares Rise After FDA Approves F..
08/16TEVA PHARMACEUTICAL INDUSTRIES : Researchers from Teva Pharmaceutical Report New..
08/16BERKSHIRE HATHAWAY : Buffett`s Berkshire Hathaway again increases Teva stake
08/16REGENERON PHARMACEUTICALS : Teva Report Positive Phase 3 Fasinumab Results
08/16TEVA PHARMACEUTICAL INDUSTRIES : and Regeneron Announce Positive Topline Phase 3..
More news
News from SeekingAlpha
07/11YOUR DAILY PHARMA SCOOP : IsoRay Doubles, OncoCyte Zooms, Celgene Sluggish 
07/11Big Pharma in the red after Pfizer backs away from price hikes 
07/10Pricing transparency law in California having effect, drug makers nix planned.. 
07/10Crinetics Pharmaceuticals Readies $80 Million IPO 
07/09Biotechs give up gains after Trump tweet on prices 
Financials ($)
Duration : Period :
Teva Pharmaceutical Industries Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TEVA PHARMACEUTICAL INDUST
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 1
Average target price 19,5 $
Spread / Average Target -19%
Kåre Schultz President, Chief Executive Officer & Director
Sol J. Barer Chairman
Carlo de Notaristefani Executive Vice President-Global Operations
Michael McClellan Chief Financial Officer & Executive Vice President
Amir Elstein Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
JOHNSON & JOHNSON-3.76%360 750
PFIZER16.21%246 736
NOVARTIS0.10%211 093
ROCHE HOLDING LTD.-2.66%208 211
MERCK AND COMPANY22.73%183 667