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June 24, 2014
14:36 EDTTEVA, MYLTeva unit prevails over conspiracy claims related to Provigil, Law360 says
A Pennsylvania federal judge ruled that settlements Teva Pharmaceutical's (TEVA) Cephalon unit agreed to with generic-drug makers did not amount to a conspiracy to keep cheaper versions of narcolepsy drug Provigil off the market, as alleged by Apotex, reported Law360 last night. Cephalon, along with Mylan (MYL) and the other defendants, were granted summary judgment, according to the report. Reference Link
News For TEVA;MYL From The Last 14 Days
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June 23, 2015
14:16 EDTMYL, TEVABMO Capital sees strong fundamentals in Perrigo regardless of Mylan deal
Shares of Perrigo (PRGO) are trading higher intraday after BMO Capital Markets initiated coverage of the stock with an Outperform rating. The research firm is bullish on the shares regardless of whether Mylan's bid for the company succeeds, saying Perrigo is well-positioned to ride momentum in reduced-price healthcare. WHAT'S NEW: BMO Capital Markets' David Maris initiated coverage of Perrigo with an Outperform rating and a $246 price target. Maris cited the company's 70%-plus market share in store- and private-label brands, as well as its roughly $1B annual sales in the generics space. The analyst believes Perrigo will see continued benefit from larger trends driving consumer-centric healthcare and the curtailing of medical costs. WHAT'S NOTABLE: BMO Capital Markets noted that two upcoming Tysabri-related events are not accounted for by the Street, giving rise to a "significant" undervaluing of the shares. Mylan (MYL) has submitted multiple unsolicited offers for Perrigo, and while the likelihood of the deal seems low given Perrigo's numerous rejections and Teva's (TEVA) 4.61% blocking stake in Mylan. BMO Capital remarked that a failed deal should see "limited downside" for Perrigo. There could certainly be near-term volatility if a Mylan agreement doesn't materialize, but the analyst was confident in the well-positioned company's ability to deliver on both earnings per share and cash flow. PRICE ACTION: Shares of Perrigo are up nearly 2% in afternoon trading. The company saw a nearly 25% leap following Mylan's initial offer on April 8, though it has since dipped from that high.
08:49 EDTTEVA, MYLMylan CFO to meet with Tel Aviv bourse head Wednesday, Reuters says
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06:01 EDTMYLPerrigo initiated with an Outperform at BMO Capital
BMO Capital analyst David Maris started Perrigo (PRGO) with an Outperform rating and $246 price target. Maris calls shares "significantly undervalued" on a fundamental basis and sees limited downside risk should Mylan (MYL) remove its unsolicited bid for the company.
June 21, 2015
19:53 EDTMYL, TEVAMylan CEO says Teva's 4.61% stake may be 'illegal,' Bloomberg reports
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June 19, 2015
08:30 EDTMYL, TEVATeva completes purchase of 4.61% interest in Mylan
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07:23 EDTTEVATeva data quite strong, says Bernstein
After Teva (TEVA) announced data for its TEV-48125 drug in episodic migraine, Bernstein notes that the drug met its primary and secondary endpoints. The firm says that the reduction in migraine days of Teva's drug appears to be higher than what Amgen (AMGN) and Lilly (LLY) have shown. The firm continues to see the migraine treatments from Teva and Alder as better than those from Lilly and Amgen.
05:47 EDTMYLStocks with implied volatility movement; MYLCMG
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June 18, 2015
17:05 EDTTEVANovartis announces U.S. launch of Glatopa
Sandoz, a Novartis (NVS) company, announced the U.S. launch of Glatopa, the first generic version of Teva's (TEVA) Copaxone 20 mg/ml one-time-daily multiple sclerosis therapy.
15:41 EDTTEVA, MYLTeva tender offer for Mylan likely imminent, says Citi
Citi said Teva (TEVA) is likely to build up a 4.6% stake in Mylan (MYL) by today and that a formal tender offer is likely coming soon. An official bid could come with a provision requiring board changes and a tender will likely trigger a "poison pill" by Mylan, the firm added. Citi has a Buy rating and $70 price target on Teva shares.
12:51 EDTTEVATeva guidance assumed launch of Copaxone generic, says BMO Capital
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11:57 EDTMYL, TEVAMylan comments on ruling by appeals court on Copaxone patent
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11:54 EDTTEVA, MYLAppeals court invalidates Teva patent claim related to Copaxone
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10:41 EDTTEVAMomenta reports CAFC decision to invalidated remanded Teva patent
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10:01 EDTMYLOn The Fly: Analyst Initiation Summary
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09:11 EDTTEVAAlexza Pharmaceuticals amends Adasuve commercial partnership agreements
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08:34 EDTTEVATeva to present new data from Phase 2b migraine prevention studies at AHS
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08:02 EDTTEVATeva, Microchips Biotech announce partnership agreement
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07:46 EDTMYLMylan initiated with a Buy at BTIG
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07:36 EDTTEVAReceptos remains an attractive takeover candidate, says Leerink
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06:09 EDTMYL, TEVATeva raises stake in Mylan to 4.3%, Globes reports
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