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NASDAQ 7,336.38 53.91 (+0.55%) DJIA 26,071.72 53.91 (+0.2%) S&P 500 2,810.30 12.27 (+0.43%) 19/01/2018 16:59

Teva - Aggressive Cuts Provide Relief

16/12/2017 18:04

In early October I looked at the prospects for Teva (TEVA) in an article titled, ¨Copaxone competition comes at the worst time¨. Shares were under pressure following the launch of a competing drug by Mylan (MYL) in a move which could cut operating earnings by $1.3 billion a year.

The timing of this news has been very unfortunate as Teva has already been under a lot of pressure after the acquisition of the generics business from Allergan backfired, and put a lot of (financial) pressure on the company. The company continues

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