AbbVie sets aside $2 bln to settle U.S. opioid claims [Reuters]
Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA)
Last teva pharmaceutical industries limited american depositary shares earnings: 2/13 04:01 pm
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Source: Reuters
No final deal has been announced. AbbVie faces more than 3,000 lawsuits from state and local governments around the country over the drug. It has denied wrongdoing. The company recorded $2.20 billion for litigation in the second quarter, mainly because of a charge tied to a potential settlement of lawsuits involving Allergan's past sales of opioid products. That includes opioid painkiller Kadian. The charge comes days after Teva Pharmaceutical Industries Ltd announced a $4.35 billion settlement of opioid lawsuits. Teva acquired Allergan's generic drugs business in 2016, and the companies' settlement efforts are linked. Teva's settlement was contingent on Allergan reaching a nationwide deal. Despite the charge, AbbVie on Friday reported a 20.6% rise in quarterly profit to $924 million, or 51 cents per share, thanks to strong demand for of its plaque psoriasis drug Skyrizi and Botox anti-wrinkle injection. Sales of Skyrizi surged 86% to $1.25 billion, beating market estimates
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TEVA
News
- Alvotech and Teva Announce U.S. FDA Approval of SELARSDI™ (ustekinumab-aekn), biosimilar to Stelara® (ustekinumab)Business Wire
- Medincell Enters Into Strategic Co-development and Licensing Agreement with AbbVie to Develop Next-generation Long-acting Injectable Therapies [Yahoo! Finance]Yahoo! Finance
- Teva's New Real-World Evidence Presented at the 2024 AAN Annual Meeting Confirms Effectiveness and Patient Satisfaction for HD Chorea with the 4-week Titration Kit for AUSTEDO® (deutetrabenazine) Tablets [Yahoo! Finance]Yahoo! Finance
- Teva’s New Real-World Evidence Presented at the 2024 AAN Annual Meeting Confirms Effectiveness and Patient Satisfaction for HD Chorea with the 4-week Titration Kit for AUSTEDO® (deutetrabenazine) TabletsBusiness Wire
- Teva Confirms Efficacy and Safety of AJOVY® (fremanezumab) for the Prevention of Migraine With Results from Phase 3 Trial in China [Yahoo! Finance]Yahoo! Finance
TEVA
Earnings
- 1/31/24 - Beat
TEVA
Sec Filings
- 4/18/24 - Form 8-K
- 4/16/24 - Form DEFA14A
- 4/16/24 - Form ARS
- TEVA's page on the SEC website