Wednesday, August 17, 2016 8:57:31 AM
After speaking with Teva's head IP counsel, RBC Capital analyst Randall Stanicky believes that the chances of a generic version of the company's Copaxone drug being launched early next year "look increasingly less likely." The analyst expects a decision from a trial on the matter to be handed down in the first quarter of 2017. He says that if Teva's claim on one of four patents is upheld in the trial, an injunction against generic Copaxone would be issued that would be valid until 2H18. If Teva wins an appeal against such a decision, generic Copaxone would be delayed until 2030, Stanicky stated. He expects litigation on additional patents to continue for several ye ars, and he believes that the stock's risk/reward ratio is positive, given low investor expectations. The analyst keeps a $71 price target and Outperform rating on the stock.
FEATURED Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • May 8, 2024 9:05 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • BLOZF • May 7, 2024 8:51 AM