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Endo International Piques Investor Interest After Raising Guidance
Monday, October 30, 2017 - 1:03pm | 312Shares of Endo International plc (NASDAQ: ENDP) traded as high as $6.94 Monday morning, but gave up some of the gains by the afternoon. The stock was still higher by more than 5 percent in reaction to the company's preliminary third-quarter results. Endo said on Monday it expects to report...
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Why Is Teva Falling? Competition
Wednesday, October 4, 2017 - 9:10am | 400Shares of Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) were under heavy selling pressure Wednesday morning after the U.S. Food and Drug Administration granted approval for a rival product. The FDA granted approval to Mylan N.V. (NASDAQ: MYL) to sell a generic version of Teva's Copaxone...
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What Approval For Generic Copaxone Means For Mylan
Wednesday, October 4, 2017 - 8:27am | 330Shares of Mylan N.V. (NASDAQ: MYL) traded higher by more than 13 percent Wednesday morning after the U.S. Food and Drug Administration granted approval for the company's generic version of Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA)'s Copaxone. Copaxone, a therapy that is intended...
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A Look At Teva's Paragard IUD Asset Sale To Cooper Companies, From Both Sides
Wednesday, September 13, 2017 - 9:14am | 590Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) said Tuesday it has agreed to sell its Paragard IUD product to Cooper Companies Inc (NYSE: COO) in a $1.1 billion cash deal. Teva also confirmed it will continue divesting the remaining assets it holds within the women's health portfolio along...
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Teva's New CEO Is A Positive Catalyst
Monday, September 11, 2017 - 8:35am | 451Shares of Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) were trading higher by more than 11 percent early Monday morning after the company named Kare Schultz as its new CEO after a seven-month search period. Schultz brings decades of experience in the pharmaceutical industry and most...
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Mylan's Stock Is No Longer A Buy According To Analysts At Argus
Tuesday, August 22, 2017 - 9:07am | 388Analysts at Argus no longer hold a bullish view on Mylan N.V. (NASDAQ: MYL) after the company cut its full-year guidance and cautioned that its earnings per share will decline in 2017. The firm's Jasper Hellweg downgraded Mylan's stock rating from Buy to Hold as the stock is fairly valued at its...
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Teva Downgraded As Analyst Casts Doubt On Turnaround Story
Thursday, August 3, 2017 - 1:19pm | 337Based on the nearly 25-percent decline in Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA)'s stock price on Thursday, some investors and analysts have legitimate concerns over the company's earnings report and outlook. Among those on Wall Street who share this concern include...
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Teva's Quarter: Earnings Miss, Guidance Cut, Dividend Devastated
Thursday, August 3, 2017 - 10:29am | 317Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA)'s earnings report brought mostly bad news for investors, which resulted in an 18-percent plunge in the stock Thursday morning. But not all analysts are ready to throw in the towel, as Credit Suisse's Vamil Divan maintains an Outperform...
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Teva's Stock Inches Higher Amid Cost-Cutting Plan
Thursday, March 23, 2017 - 8:19am | 355Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA), the troubled Israel-based generic and specialty medicines developer, confirmed with Bloomberg a plan to lower expenses and better manage its debt. A Bloomberg report cited Israeli-based news sources Calcalist, which initially reported Teva...
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Citron On Lannett: Price Gouging At Its Worst, Will Be First To Go Bankrupt
Tuesday, January 17, 2017 - 1:26pm | 319Lannett Company, Inc. (NYSE: LCI) was trading lower by more than 5 percent Tuesday after Citron Research slammed the distributor of generic drugs in a new report. According to Citron, Lannett will become the first pharmaceutical company to go bankrupt and its equity is worth $13 to $15 a share...
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Teva Pharmaceuticals Hit With A Slew Of Downgrades Following Guidance Revision
Wednesday, November 16, 2016 - 2:38pm | 698Shares of Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) hit a new 52-week low of $37.25 on Tuesday after the company reported its third-quarter results and provided a concerning outlook for the full year given some concerns over its specialty drugs. The stock rebounded slightly on Wednesday...
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Report: Teva Looking To Win Early EU Approval For Its Acquisition Of Allergan's Generics Unit
Wednesday, February 17, 2016 - 3:49pm | 201According to a report from Bloomberg, Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) is looking to win an early European Union approval for its $40.5 billion takeover of Allergan plc Ordinary Shares (NYSE: AGN)'s generics business. Reuters, citing "a person familiar with the...
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AstraZeneca Falls More Than 5% Following Q4 Print
Thursday, February 4, 2016 - 9:03am | 268Shares of AstraZeneca plc (ADR) (NYSE: AZN) were trading lower by more than 5 percent early Thursday morning after the company reported its fourth quarter results. AstraZeneca earned $0.94 per share in the fourth quarter on revenue of $6.39 billion. Wall Street analysts were expecting the...
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Express Scripts Calls Out Valeant, Says It's 'Holding Pharmaceutical Manufacturers Accountable For Excessive Price Hikes'
Friday, January 29, 2016 - 2:03pm | 363Express Scripts Holding Company (NASDAQ: ESRX), the largest pharmacy benefit management organization in the U.S., announced on Friday it has decided to exclude Valeant Pharmaceuticals Intl Inc (NYSE: VRX)'s Glumetza from its formulary. Express Scripts noted that throughout Valeant...
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IntelliPharmaCeutics Surges After Company Reports Successful Bioequivalence Results
Thursday, January 14, 2016 - 12:57pm | 248Shares of IntelliPharmaCeutics Intl Inc (NASDAQ: IPCI), a micro-cap pharmaceutical company that manufacturers novel and generic controlled-release oral solid dosage drugs, surged higher by more than 15 percent on Thursday. IntelliPharmaCeutics announced that a bioequivalence trial of its...