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Cave In Temptor

08/26/14 8:26 AM

#3686 RE: Rymankoly #3685

Teva Epipen license for US and Canada

2013 10k pp 80:

"In July 2006, the Company entered into an exclusive License Development and Supply Agreement with Teva. Pursuant to the agreement, Teva is obligated to purchase all of its delivery device requirements from Antares for an auto injector product containing epinephrine to be marketed in the United States and Canada. Antares was entitled to an upfront cash payment, milestone fees, a negotiated purchase price for each device sold, as well as royalties on sales of their product. This agreement will continue until the later of July 2016 or the expiration date of the last to expire patent covering the device or product that is filed no later than 12 months after FDA approval.

On April 26, 2012, the Company announced that Meridian Medical Technologies, a Pfizer subsidiary, entered into a settlement agreement with Teva that will resolve pending patent litigation related to its abbreviated new drug application (ANDA) for a generic epinephrine auto-injector. According to the terms of the settlement, Teva may launch a generic epinephrine auto-injector covered by its ANDA on June 22, 2015 or earlier under certain circumstances, subject to receipt of approval from the U.S. Food and Drug Administration. Additional terms of the agreement are confidential."

jab91252

08/26/14 10:09 AM

#3687 RE: Rymankoly #3685

Not the post really, but the post leading to the site:

http://www.evaluategroup.com/Universal/View.aspx?type=Report&id={23D6C352-1933-41D7-A788-054D46E19AAA}¶ms=%3CPARAMS%20currencyId=%220%22%3E%3CPARAM%20linkKind=%221%22%20compId=%221019%22%20name=%22allergy%22%20itemId=%225b%22%20/%3E%3C/PARAMS%3E

We know the settlement date is June 2015 - any other detail(s) of the settlement is confidential. I don't trust the information contained on the site above that notes Antares as the company when it should be TEVA and then notes a world wide launch of 9/30/2014. I've seen nothing from TEVA pr about a pending worldwide launch of the generic epipen. If TEVA is not barred from launching world wide as per the settlement date of June 2015, then why aren't they already marketing worldwide? They certainly have the pens in stock.

Getting into the worldwide market (ex US & Canada) would be nice (while not producing very good margins) so I don't assign any meaningful financial benefit to WW. The big bucks is connected with June 2015 and the US/Canada market.