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%.

FA Cup: Man United defeat Wigan 4 - 0
Jose Mourinho has blasted Manchester United's packed fixtures schedule following their 4-0 FA Cup win over Wigan Athletic on Sunday.

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.

First Look At Boeing's Sleek Blue Astronaut Suit For Travel To ISS
Boeing's new suit is a far departure from the bulky marshmallow-looking suits we typically picture. The company hopes to begin bringing Earthlings to the International Space Station in late 2018 .

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.

Resident Evil 7 isn't coming to Nintendo Switch
Once he actually got to play Resident Evil, Grip remembers thinking that he had no idea anyone could make a game quite like this. It's hard to know if Resident Evil 7 will stand the test of time as much as classics like the original, or RE4.

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.


Popular
  • 'Amour' actress Emmanuelle Riva dies at 89

    'Amour' actress Emmanuelle Riva dies at 89

    Emmanuelle Riva, a French star of screen and stage who was nominated for an Academy Award for best actress in 2013, has died . Riva was born on February 24, 1927 in rural France and made her way to Paris at 19 to the dismay of her working-class family.

    Israeli Prime Minister Benjamin Netanyahu questioned on corruption allegations

    David Friedman, Trump's choice for ambassador to Israel, has said that he looks forward to performing his service "from the U.S. Israel's actions were also condemned by the United Nations along with the European Union on Wednesday.

    The Flash Script to Get a Page-One Rewrite

    The Flash has a July 27, 2018 release date also starring Kiersey Clemons as Iris West and Billy Crudup as Henry Allen. WB provided no comments on the news, but the recent hire signifies that The Flash is a high priority for the studio.
  • Epic Standoff between Goldberg, The Undertaker and Brock Lesnar

    Epic Standoff between Goldberg, The Undertaker and Brock Lesnar

    According to PWInsider , the full list of NXT stars scheduled to be backstage this Sunday is, well ... all of them. Smith explained what he loved about professional wrestling and asked how it compares to what WWE is doing today.

    Croat Lucic-Boroni into Melbourne Park semi-finals

    Between 2004 and 2007 she competed in only six tournaments because she couldn't afford to travel to matches to further her career. Mirjana Lucic-Baroni sank to her knees, made the sign of the cross and offered up a prayer of thanks for her victory.
    Tesla just began rolling out its new and improved Autopilot

    Tesla just began rolling out its new and improved Autopilot

    Autosteer is intended for use on highways with clear lane markings and maintains position within the lane in slow-moving traffic. Owners now have access to Traffic Aware Cruise Control, Forward Collision Warning, and Autosteer.
  • Cuomo to propose amendment to protect Roe v

    Cuomo to propose amendment to protect Roe v

    Andrew Cuomo announced that he wants to make the right to an abortion part of the NY state constitution, reports Gothamist . Several of the GOP lawmakers who voted for the abortion rights law in 1970 were voted out of office later that year.
    Wayne Rooney: Jose Mourinho is the right manager for Manchester United

    Wayne Rooney: Jose Mourinho is the right manager for Manchester United

    They reached the EFL Cup final during the week and they will want to treat the FA Cup with similar respect. Last month his agent said that he was "studying closely" an offer from the Europa League winners.
    Australia vs Pakistan, 5th ODI at Adelaide, Live scores and updates

    Australia vs Pakistan, 5th ODI at Adelaide, Live scores and updates

    Earlier, Head, along with Warner (who took just 78 balls to reach his 100) took the match away from the visitors at the start. He also shared a 284-run stand for the opening wicket with Travis Head , a record partnership for Australia in ODIs.
  • Benz-to-Go: car-2-Go Adds Mercedes to Portland Fleet

    Benz-to-Go: car-2-Go Adds Mercedes to Portland Fleet

    Currently, Car2Go members pay 41 cents per minute, $14.99 per hour or $84.99 per day to use a vehicle. Germany's Daimler is not only the parent of Mercedes-Benz, but of Smart and Car2go as well.

    Johnson and Johnson to Acquire Swiss Biotech Firm for $30 Billion (JNJ)

    The US behemoth expects the transaction to boost its long-term profit growth by as much as 2% over analysts' expectations. Cravath, Swaine & Moore LLP , Homburger AG and Sexton Riley LLP are serving as legal advisors to J&J.
    Trump forges ahead with controversial Dakota pipeline

    Trump forges ahead with controversial Dakota pipeline

    President Donald Trump's decision to advance construction of the Keystone XL pipeline a win for energy industries and consumers. Former President Barack Obama in 2015 rejected Keystone, claiming it did not serve the nation's interest.

CONNECT