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Stock Market & Financial Investment News

News Breaks
April 19, 2014
18:50 EDTMYL, TEVAMylan says Teva denied injunction seeking to prevent launch of generic Copaxone
Mylan (MYL) announced that Supreme Court Chief Justice Roberts has denied Teva's (TEVA) application for an injunction seeking to prevent Mylan's launch of a generic version of Copaxone pending the Supreme Court's decision on Teva's appeal. This is the second time that the Chief Justice has denied Teva's request for such an injunction. In March, the Supreme Court granted Teva's petition for certiorari seeking clarification of the standard of review that appellate courts should apply when considering appeals relating to the construction of a patent claim. Oral argument is expected to be heard in the fall of 2014. Mylan CEO Heather Bresch commented: "We are pleased with the Chief Justice's decision, and we look forward to introducing the first generic Copaxone treatment for multiple sclerosis patients in the U.S. at market formation. Mylan remains eligible to receive approval from the U.S. FDA on May 25, 2014."
News For MYL;TEVA From The Last 14 Days
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July 24, 2014
14:35 EDTMYLObama to call for elimination of tax inversion deals, NY Times says
President Obama will call on Congress today to eliminate the tax inversion loophole, according to The New York Times. Among the deals or possible transactions that involve inversion are Mylan's (MYL) acquisition of Abbott’s (ABT), Medtronic's acquisition of Covidien (COV)and Valeant's (VRX) proposed takeover of Alletgan (AGN)Reference Link
07:27 EDTTEVASome of Teva's biggest investors to vote against re-electing directors, WSJ says
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06:45 EDTTEVATeva price target raised to $70 from $65 at Barclays
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July 23, 2014
10:02 EDTTEVA, MYLOn The Fly: Analyst Initiation Summary
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08:10 EDTMYL, TEVADeutsche Bank hosts an analyst Specialty Pharma/Industry conference call
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07:09 EDTMYLMylan wins restraining order against Apotex for generic version of GSK's Paxil
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06:45 EDTMYLLawmakers divided on inversion deals, NY Times says
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July 22, 2014
16:08 EDTTEVATeva initiated with a Buy at Deutsche Bank
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16:08 EDTMYLMylan initiated with a Buy at Deutsche Bank
Target $67.
July 21, 2014
08:11 EDTTEVAArena Pharma' subsidiary enters into agreement for Belviq with Teva subsidiary
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08:01 EDTTEVATeva completes acquisition of Labrys
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July 18, 2014
16:47 EDTMYLMarket ends week higher as earnings, M&A offset geopolitical tensions
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12:51 EDTMYLKey GOP senator signals readiness for inversion deal, The Hill says
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July 17, 2014
11:07 EDTMYLAcorda sues Mylan over plans to duplicate Ampyra MS drug, Bloomberg says
07:18 EDTMYLMylan wins motion to enjoin GlaxoSmithKline from production of generic product
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July 16, 2014
10:36 EDTMYLTreasury calls on Congress to halt inversion deals
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09:03 EDTMYLSanofi held talks on mature drugs with Abbott, Mylan, PE firms, Reuters says
Sanofi (SNY) has shopped an $8.5B portfolio of mature drugs to Abbott (ABT), Mylan (MYL) and private equity firms, according to Reuters, citing an internal company document circulated by the CGT union. Sanofi is considering whether to sell, carve out or create a joint venture for the portfolio of about 200 drugs, but a Sanofi spokesman said no decision has yet been made, the report noted. Reference Link
08:48 EDTTEVATeva says ISS supports company's nominees, shareholders' meeting proposals
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08:16 EDTMYLLew's letter could bring 'chilly' tax inversion environment, says BMO Capital
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07:59 EDTMYLTreasury Secretary urges Congress to take action on tax inversions
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