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Stock Market & Financial Investment News

News Breaks
March 31, 2014
19:48 EDTLLY, TEVAEli Lilly patent for Alimta held up by court through 2022
Eli Lilly (LLY) announced that the U.S. District Court for the Southern District of Indiana has ruled in the company's favor regarding the vitamin dosage regimen patent for Alimta. In the case of Eli Lilly vs. Teva (TEVA) the court ruled the vitamin dosage regimen patent is valid and enforceable. The patent provides intellectual property protection for Alimta until 2022. Alimta's compound patent remains in force through early 2017.
News For LLY;TEVA From The Last 14 Days
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February 12, 2016
07:04 EDTLLYUK High Court rules against Eli Lilly in Alimta vitamin lawsuit
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06:57 EDTTEVACiti's Abraham lists three reasons to own Allergan
Citi analyst Liav Abraham listed three reasons for why investors should own shares of Allergan (AGN). There is a high likelihood of Allergan's generics division sale to TEVA (TEVA) closing, incremental ant-iinversion Treasury action near term looks increasingly unlikely, implying a high probability of the close of the Pfizer/Allergan merger, and Allergan's fundamental organic growth remains strong, Abraham tells investors in a research note. He keeps a Buy rating on Allergan with a $360 price target.
February 11, 2016
08:44 EDTTEVATeva says plans to invest 'not more than $3B' in M&A in 2016
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08:27 EDTTEVATeva says expects Q1 revenue to continue to be impacted by exchange rates
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08:22 EDTTEVATeva says closing of Actavis Generics business may 'slip into April'
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07:42 EDTTEVATeva sees maintaining current trend in U.S. generic pricing in 2016
Teva (TEVA) says antitrust review ongoing for Actavis (AGN) generics deal. Says potential buyers for divested assets have been identified, integration plans in place. Says U.S. generic prices "continue slightly downward trend," but company does not see the inflationary pricing discussed in the media or the sharp drop in prices other competitors have seen recently. Sees 2016 to maintain current trend in U.S. generic prices. Comments from slides that will be presented on the Q4 earnings conference call.
07:08 EDTLLYIncyte sees epacadostat entering Phase 3 during 1H16
Incyte (INCY) said its position in the field of JAK inhibition is demonstrated by the ongoing commercial success of Jakafi and by the recent submissions, by Eli Lilly and Company (LLY), seeking regulatory approval of baricitinib for the treatment of rheumatoid arthritis. Baricitinib was licensed to Lilly by Incyte, and met the primary endpoint in all four of its global Phase 3 studies. If approved, Lilly expects to launch baricitinib in early 2017. In addition, epacadostat, Incyte's first-in-class IDO1 inhibitor, is expected to enter Phase 3 during the first half of 2016 in first-line advanced or metastatic melanoma in combination with Merck & Co's pembrolizumab. Multiple Phase 2, tumor-specific, expansion cohorts of epacadostat in combination with anti-PD-1 and anti-PD-L1 checkpoint modulators are also underway.
07:05 EDTTEVATeva says working to close Actavis Generics acquisition by end of Q1
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07:03 EDTTEVATeva sees Q1 adjusted EPS $1.32-$1.36, consensus $1.21
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07:01 EDTTEVATeva reports Q4 adjusted EPS $1.32, consensus $1.29
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05:44 EDTTEVAOptions expected to be active
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February 10, 2016
14:32 EDTTEVANotable companies reporting before tomorrow's open
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09:01 EDTTEVATeva volatility elevated into Q4 and outlook
Teva February weekly call option implied volatility is at 81, February is at 51, March is at 37; compared to its 52-week range of 20 to 41, suggesting large near term price movement into the expected release of Q4 results on February 11.
February 8, 2016
09:34 EDTTEVAPfizer sees decision about potential separation by no later than end 2018
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06:28 EDTLLYPharma trade group rolls out ad campaign aimed at lawmakers, WSJ says
The pharmaceutical industry is launching a new ad campaign with the intention of improving its reputation with lawmakers in an effort to lobby against drug price restrictions, the Wall Street Journal reports. The industry's biggest trade group the Pharmaceutical Research and Manufacturers of America, or PhRMA, says it plans to spend several million dollars this year, and 10% more than it spent last year, on digital, radio, and print advertisements that highlight the sector's role in developing new drugs and advancing medical science, the report says. Publicly traded companies in the space include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY). Reference Link
February 2, 2016
08:12 EDTTEVATeva enters into collaborative research agreement with AbCellera
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08:01 EDTTEVATeva, AbCellera enter agreement to discover rare monoclonal antibodies
Teva and AbCellera have entered into a collaborative research agreement whereby AbCellera will apply its high-throughput single cell antibody platform for the discovery of rare monoclonal antibodies. Under the terms of the agreement, AbCellera will receive an upfront payment, research payments, and is eligible to receive undisclosed downstream milestones associated with the development and approval of therapeutic antibodies.
February 1, 2016
08:04 EDTTEVATeva Mylan not seeing same negative trends as Sandoz, says Bernstein
After Novartis (NVS) reported weak results for its generics unit, Sandoz, and blamed it on industry trends, Bernstein quotes Mylan (MYL) and Teva (TEVA) as saying that they are seeing only "slight adjustments back to normal levels" from "mildly favorable" results in 2014 and 2015. Bernstein says that Sandoz has lost a number of fairly profitable products and has had fewer approvals than its peers. Bernstein keeps Outperform ratings on Teva and Mylan.
06:18 EDTLLYTransition Therapeutics announces results from Phase 2 clinical study of TT401
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06:11 EDTLLYTransition Therapeutics reports results from Phase 2 clinical study of TT401
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