Mylan Wins, Teva Loses After Copaxone Generic Approval

Oct 04, 2017

Reuters

FDA announced U.S. approval of Mylan’s generic version of Teva’s blockbuster multiple sclerosis drug, Copaxone. The news sent Mylan shares soaring about 18 percent, and Teva shares fell about 14 percent, according to a Reuters article.

The approval was issued a day after we reported that the FDA revealed it would introduce new measures to speed to market generic versions of complex drugs to help address rising pharmaceutical costs.

Teva claims that Mylan was launching the drug before resolving various patent appeals.

Read the full story

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments