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News Breaks
September 28, 2012
10:00 EDTMYL, SNYMylan launches generic versions of Sanofi's Avapro and Avalide tablets
Mylan (MYL) announced that its subsidiary Mylan Pharmaceuticals Inc. has received final approval from the U.S. Food and Drug Administration for its Abbreviated New Drug Application for Irbesartan Tablets USP, 75 mg, 150 mg and 300 mg, the generic version of Sanofi's (SNY) Avapro. The company also received final approval from the FDA for its ANDA for Irbesartan and Hydrochlorothiazide Tablets USP, 150/12.5mg and 300/12.5 mg, the generic version of Sanofi's Avalide. Mylan is shipping both products immediately.
News For MYL;SNY From The Last 14 Days
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June 18, 2013
08:38 EDTSNYSanofi management to meet with JPMorgan
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08:36 EDTMYLElan shares could be worh $19 in a buyout, says Jefferies
Jefferies raised its price target for shares of Elan (ELN) to $19 from $14, reflecting what it sees as the value of the company in a takeout scenario. The firm says Elan management suggested they would be open to sale in the $15-$20 per share range. Jefferies believes a high taxpaying suitor could pay the upper end of that range, and lists Allergan (AGN), Regeneron (REGN), Vertex (VRTX), Alexion (ALXN), Zoetis (ZTS), Mylan (MYL) and Perrigo (PRGO) as potential acquirers for Elan. Shares of Elan are up 13c to $13.62 in pre-market trading after Royalty Pharma announced that its buyout proposal for the company has expired.
June 17, 2013
13:20 EDTMYLSupreme Court rules generic drug makers can be sued over 'pay to delay'
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11:54 EDTMYLSupreme Court ruling a modest negative for generics, says Leerink
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08:36 EDTMYLInSite Vision to join Merck, Pfizer patent suit against Mylan
InSite Vision (INSV) announced that it will join Merck (MRK) and Pfizer (PFE) in filing a patent infringement lawsuit against Mylan Pharmaceuticals (MYL). Mylan recently filed an Abbreviated New Drug Application with the U.S. Food and Drug Administration seeking to market a generic version of AzaSite before expiration of the patents covering AzaSite and its use. AzaSite is marketed by Merck in the U.S. On May 26, 2011, InSite and Merck filed a similar patent infringement lawsuit against Sandoz. A trial date for the Sandoz ANDA suit has been set for July 11, 2013. The companies have agreed that Merck will take the lead in prosecuting both lawsuits. Each company will be responsible for their own legal costs, with InSite assuming a monitoring role, the company said.
June 13, 2013
17:23 EDTMYLMylan files automatic mixed securities shelf
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11:02 EDTSNYLeerink's major pharma analyst holds an analyst/Industry conference call
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June 12, 2013
13:47 EDTMYLMylan sees buying back stock in near future, Bloomberg says
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13:31 EDTMYLMylan could be interested in generic assets split from Pfizer, Bloomberg says
13:28 EDTMYLMylan chairman said explored possible Hospira deal Bloomberg says
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June 10, 2013
07:20 EDTSNYBiomed to host a conference
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07:03 EDTSNYSanofi announces FDA approved sBLA for licensure of influenza vaccine
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June 4, 2013
09:06 EDTSNYMerrimack Phase 1 research supports MM-121 potential for investigation
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