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News Breaks
June 3, 2014
09:26 EDTTEVATeva to acquire Labrys Biologics for $200M upfront, up to $625M additionally
Teva Pharmaceutical and Labrys Biologics, a privately-held development stage biotechnology company focused on treatments for chronic migraine and episodic migraine, announced that Teva has entered into a definitive agreement to acquire Labrys for $200M in upfront payment in cash at closing as well as up to $625M in contingent payments upon achievement of certain pre-launch milestones. Labrys is developing LBR-101, a fully humanized monoclonal antibody that binds to calcitonin gene-related peptide currently in Phase IIb clinical trials for prevention of chronic and episodic migraine. Teva’s acquisition of the LBR-101 program targeting high frequency episodic and chronic migraine complements the recent addition of Zecuity, a therapy for the acute treatment of migraine, obtained through the acquisition of NuPathe, Teva said. Potential peak sales for LBR-101 are estimated to reach $2B-$3B, the companies said.
News For TEVA 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 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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