Teva shares surge 5% on news of patent settlement with Neos over ADHD drug [MarketWatch]
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Source: MarketWatch
Teva shares surge 5% on news of patent settlement with Neos over ADHD drug Shares of generic-drug maker Teva Pharmaceuticals Industries Ltd. rose about 5% Wednesday on news of a settlement and licensing agreement with Neos Therapeutics Inc. to resolve a patent dispute about a treatment for attention deficit disorders, or ADHD. Neos NEOS, -2.53% said the confidential agreement grants Teva TEVA, +7.30% the right to make and market its generic version of Cotempla XR-ODT under a TEVA Abbreviated New Drug Application starting July 1, 2026, or earlier under certain circumstances. Cotempla is an extended-release oral tablet used to treat the disorder, which affects about 4.4% of U.S. adults, according to the Attention Deficit Disorder Association. “We are pleased to have reached this settlement and will continue to defend our innovative medicines against any challenge,” said Jerry McLaughlin, Chief Executive Officer of Neos Therapeutics, in a statement. Neos specializes in developing m
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