Teva Dives To 10-Year Low After 4 Copaxone Patents Invalidated

The company rocked its 52-Week High of $62.31 on Feb 2, 2016 and touched its 52-Week Low of $32.11 on Jan 23, 2017.

The Company got Downgrade by JP Morgan on 20-Jan-17 from Overweight to Neutral.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) last announced its quarterly earnings results on Tuesday, November 15th. The difference between the expected and actual EPS was $0.03/share, which represents an Earnings surprise of 2.3%.

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Teva Pharmaceutical Industries Limited (NYSE:TEVA) opened at 34.52 on Tuesday. Currently, the stock has a 1 Year Price Target of $44.7. Cascade Investment Advisors Inc. acquired a new position in shares of Teva Pharmaceutical Industries Limited during the fourth quarter worth about $1,249,000.

Teva Pharmaceutical Industries Limited (Teva) is a global pharmaceutical and drug company.

Copaxone is Teva's biggest generator of income, and in the wake of the decision its shares fell by 8.9% in late trading in the NY Stock Exchange, to $31.45, the lowest price in a decade.

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01/09/2017 - Teva Pharmaceutical Industries Limited had its " rating reiterated by analysts at Gabelli. Revenues hit $5.56B in the September 2017 quarter, which was below the consensus $5.71B projection. The Market Cap of the company stands at 35.61 Billion. The average true range of the stock is observed at 0.82 and the relative strength index of the stock is recorded at 46.89. On average, analysts predict that Teva Pharmaceutical Industries Limited will post $5.12 earnings per share for the current year. Teva Pharmaceutical Industries Limited's revenue was up 15.3% compared to the same quarter previous year.

Mylan N.V. (MYL - Free Report) announced that the United States District Court for the District of DE has issued a decision in favor of the company pertaining to claims related to Teva Pharmaceutical's (TEVA - Free Report) Copaxone 40mg/mL. TEVA attains analyst recommendation of 2.30 with week performance of 5.53%. Analysts rating the company a 1 or 2 indicate a Buy recommendation. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright laws. The highest and lowest price target given by the brokerage firms to the equity are $114 and $66.9, respectively.

Momenta (MNTA) shares also rose thanks to the same litigation with Teva, as Momenta also has a generic version of Copaxone.

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Credit Suisse analyst Vamil Divan said he expects Teva will request a preliminary injunction to prevent the launch of a generic version until legal decisions on all of Teva's outstanding patents are resolved. The Company operates its business in two segments: Generic medicines which manufactures and sells generic pharmaceutical products in several dosage forms including tablets capsules injectables inhalants liquids ointments and creams and Specialty medicines which delivers solutions to patients and providers via medicines devices and services. The Firm has a global portfolio of approximately 1,000 molecules.

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