Teva Pharm Stock Price, News & Analysis

Teva Pharmaceuticals has launched an authorized generic of Epiduo® Forte Gel (adapalene and benzoyl peroxide) in the United States, enhancing its portfolio of generic medicines. This topical treatment for acne vulgaris is notable as it is the first authorized generic for this product in the U.S. Epiduo® Forte Gel generated annual sales of $253 million in the U.S. as of September 2021. Teva holds the largest portfolio of FDA-approved generic products with nearly 550 medications available and around 100 pending first-to-files in the U.S.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) announced an increase in its tender offers' total maximum amount from $3.5 billion to $4 billion for various senior notes. The company raised the tender caps for the Pool 1 Notes to $2.996 billion and the Pool 2 Notes to $1.013 billion. Teva plans to finance these offers using proceeds from a debt securities offering that closed on November 9, 2021. The Offers are set to expire on November 24, 2021, with settlement expected on November 12, 2021.

Teva Pharmaceuticals presented interim results from the FINESSE study at the German Society of Neurology (DGN) Congress 2021. The study evaluates the effectiveness of fremanezumab in chronic and episodic migraine patients. Data from 574 patients indicated a 48.7% achievement of the primary endpoint—a ≥ 50% reduction in migraine days after 6 months. Additionally, significant reductions in migraine days, disability scores, and acute medication use were observed. Overall, these findings align with previous Phase III studies and highlight fremanezumab's effectiveness in real-life settings.

Teva Pharmaceutical Industries Limited has achieved a legal victory as Judge Peter Wilson of the Superior Court in California ruled that Teva did not cause a public nuisance regarding opioid marketing in Orange County, Los Angeles County, Santa Clara County, and Oakland. The court also found that Teva did not engage in false or misleading advertising practices. Teva emphasizes the need for comprehensive settlements to support those affected by opioid addiction, while it remains committed to providing affordable medicines globally.

Teva Pharmaceuticals announced positive results from the Phase 3 RISE study evaluating TV-46000, a long-acting injectable risperidone formulation, aimed at treating schizophrenia. The study showed that TV-46000 significantly prolonged time to relapse and increased clinical stability compared to placebo. Among 544 randomized patients, relapse rates were dramatically lower, with only 9% at week 24 for TV-46000 users versus 28% for placebo. The safety profile was consistent with existing risperidone formulations, indicating potential enhancements in treatment options for patients suffering from this disorder.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) has initiated cash tender offers totaling up to $3.5 billion for various series of senior notes due between 2022 and 2024. The goal is to manage and extend the maturity profile of its debt effectively. The offers encompass several note series, including 1.250% and 2.800% Senior Notes due 2023. The offers will expire on November 24, 2021, unless extended. Investors must act before November 9, 2021, for early tender considerations that include a premium of $30.00 per $1,000 of notes.