Teva Shares
Posted: Sun Jul 25, 2010 7:11 am
Teva shares took a bit of a fall (almost 10%) on Friday.
http://www.haaretz.com/print-edition/bu ... t-1.303859
I wonder what will happen on Monday (http://www.google.com/finance?q=NASDAQ%3ATEVA)
The full article:Teva Pharmaceutical Industries' share price plummeted 8.7% in Wall Street trading on Friday after the U.S. Food and Drug Administration approved for sale a generic drug that hadn't gone through full clinical tests, a precedent-setting move.
The FDA approved the Abbreviated New Drug Application for a generic version of Sanofi-Aventis' deep vein thrombosis drug Lovenox.
Copaxone
The decision affects Teva as its flagship drug, Copaxone, has come under increasing fire from generic would-be competitors. Copaxone, Teva's first proprietary drug, is used for treating multiple sclerosis patients and is responsible for 25% to 30% of Teva's profits.
http://www.haaretz.com/print-edition/bu ... t-1.303859
I wonder what will happen on Monday (http://www.google.com/finance?q=NASDAQ%3ATEVA)