Teva launches generic version of EpiPen for young children [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
Teva launches generic version of EpiPen for young children - Reuters 2 Min Read (Reuters) - Teva Pharmaceutical Industries Ltd on Tuesday made its generic version of Mylan’s EpiPen for young children available in most retail pharmacies at $300 for a 2-pack. U.S.-listed shares of the Israel-based company rose 4.9% to $7 in afternoon trading. Teva, the world’s largest generic drugmaker, is already selling the product for adults, after getting U.S. approval for its copy of EpiPen last August, following several years of delay. Raymond James analyst Elliot Wilbur estimates the current U.S. epinephrine market is worth about $700 million. “Teva can capture about $290 million-$300 million in annual sales, or roughly 45% market share,” Wilbur said. The launch of the EpiPen generic for children comes as welcome news for the company, as analysts have raised concerns over its ability to pay down its debt load, which was $28.7 billion at the end of June. The drugmaker has been struggling with fall
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TEVA
Earnings
- 1/31/24 - Beat
TEVA
Sec Filings
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- 4/16/24 - Form DEFA14A
- 4/16/24 - Form ARS
- TEVA's page on the SEC website