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genisi

01/30/08 3:22 AM

#1884 RE: DewDiligence #1883

I'm sure Teva didn't know, they are probably looking into the data and they might withdraw.
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genisi

02/21/08 10:39 AM

#1895 RE: DewDiligence #1883

They didn't withdraw after all. Teva announced today the closing of its acquisition of privately-held CoGenesys Inc.

During its Investor Day, they announced the Company’s long term goals of doubling the size of its business by 2012, and generating revenues of $20 billion and net income margins exceeding 20%.
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genisi

02/22/08 7:09 AM

#1897 RE: DewDiligence #1883

Now that Teva is approved for Neupogen and they have CoGenesys's tech, I bet they will go for PEG-filgrastim (Neulasta).
The advantage of Neulasta over Neupogen is it only requires one administration per cycle of chemotherapy due to its increased half-life. Product sales in 2006 were $2,300 MM and growing at ~ 12%. US patent expiry approximately 2017.