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News Breaks
August 7, 2014
12:06 EDTTEVA, RDYTeva will continue to defend COPAXONE intellectual property rights
Teva (TEVA) confirmed that it has received the first paragraph IV notice for its three-times-a-week COPAXONE 40 mg/mL product from Dr. Reddy’s Laboratories (RDY). Teva will continue to vigorously defend its COPAXONE intellectual property rights against infringement wherever they are challenged. Teva intends to file a lawsuit for patent infringement against Dr. Reddy’s within the 45 day period provided under the Hatch-Waxman Act. The filing of the lawsuit will trigger a 30 month stay of FDA approval of Dr. Reddy’s ANDA. COPAXONE 40 mg/mL is protected by two Orange Book patents that expire in 2030.
News For TEVA;RDY From The Last 14 Days
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October 30, 2014
09:11 EDTTEVATeva reported great Q3 results, says BMO Capital
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09:06 EDTTEVATeva says assessing M&A opportunities of all sizes
08:49 EDTTEVATeva says may pursue generic businesses in emerging markets
Says not ruling out "transformational" transactions. Says open to specialty assets in U.S., Europe.
08:40 EDTTEVATeva says $5.00-$5.10 FY14 EPS guidance is for exclusive Copaxone scenario
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07:06 EDTTEVATeva board authorizes increase in share repurchase program to $3B
The Company announced today that, as authorized by the Board of Directors, it will increase its share repurchase program by $1.7 billion to $3 billion. The program has no time limitations. The Company intends to begin purchasing shares promptly.
07:05 EDTTEVATeva raises FY14 EPS view to $5.00-$5.10 from $4.90-$5.10
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07:05 EDTTEVATeva reports Q3 EPS $1.32, consensus $1.23
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October 29, 2014
06:46 EDTRDYDr. Reddy's Labs reports Q2 EPS 54c vs. 65c a year ago
Reports Q2 revenue $579M vs. $542M a year ago.
October 28, 2014
13:26 EDTRDYDr. Reddy's Labs announces launch of Sirolimus Tablets
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October 27, 2014
07:22 EDTTEVAAmerican College of Chest Physicians to hold a conference
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October 20, 2014
06:28 EDTTEVAAllergan price target raised to $210 from $190 at Citigroup
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