Teva wins EU nod for Ajovy migraine prophylactic

Teva Pharmaceuticals logo - updated

Teva (NYSE:TEVA) said yesterday that it won EC Marketing Authorization for its Ajovy pre-filled syringe injection meant to serve as a prophylaxis for migraines in adults who experience at least four migraine days per month.

The Israel-based company said that Ajovy is a humanized monoclonal antibody that binds to the calcitonin gene-related peptide ligand and blocks its binding to the receptor.

Read the whole story on our sister site, Drug Delivery Business News

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Teva launches generic for Pfizer’s Flector pain patch

Teva updated logoTeva (NYSE:TEVA) said last week that it launched a generic version of Pfizer‘s (NYSE:PFE) Flector diclofenac epolamine patch.

Using a nonsteroidal anti-inflammatory drug, the topical patch is designed to treat acute pain due to minor strains, sprains and contusions.

Get the full story at our sister site, Drug Delivery Business News.

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Teva aims for 25% of U.S. EpiPen market by 2020

Teva updated logoTeva (NYSE:TEVA) expects its generic EpiPen auto-injector to claim 25% of the U.S. market by the end of this year, according to a report from Seeking Alpha.

For years, Mylan‘s (NSDQ:MYL) brand-name emergency allergy device has dominated the markets. But the company faced widespread criticism in 2016 when reports revealed that Mylan hiked the price of the EpiPen by nearly 500% since 2007. In response, Mylan launched its own EpiPen generic for roughly $300.

Get the full story at our sister site, Drug Delivery Business News.

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FDA approves Teva’s digital COPD, asthma inhaler

Teva updated logoTeva (NYSE:TEVA) said this week that the FDA approved its ProAir Digihaler device – a digital inhaler that uses sensors to connect to a companion mobile app for people with asthma and chronic obstructive pulmonary disease.

The company’s device features built-in sensors that can measure inspiratory flow and detect when the inhaler is used. After the data is sent to a mobile app, the user can review historical data and share it with their healthcare professionals.

Get the full story at our sister site, Drug Delivery Business News.

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Teva launches generic EpiPen at the same price as existing device

Teva Pharmaceuticals logo - updatedTeva (NYSE:TEVA) this week launched its generic version of Mylan‘s (NSDQ:MYL) EpiPen auto-injector and announced that it would sell the emergency allergy therapy for $300 – the same price as Mylan’s own generic EpiPen product.

The price for Teva’s product inspired some head-scratching among patient advocates and healthcare professionals. After all, when the FDA first approved Teva’s generic EpiPen, the agency highlighted the notion that boosting competition with generics would ultimately make the product more accessible to a general population. But, at the same price as Mylan’s discounted EpiPen, some are wondering how Teva’s product will reach patients who couldn’t afford Mylan’s device.

Get the full story at our sister site, Drug Delivery Business News.

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With groundbreaking approval, Amgen launches new class of medicine for migraine patients

Amgen (NSDQ:AMGN) won FDA approval this week for its once-monthly Aimovig injection designed to prevent the onset of migraines in adults.

The drug is the first of its kind – a molecule that blocks the receptor for a protein that is linked to migraine pain, the calcitronin gene-related peptide. Other major pharmaceutical companies like Eli Lilly (NYSE:LLY) and Teva Pharmaceuticals (NYSE:TEVA) are working on their own CGRP product, but Amgen’s is the first to hit the market.

Get the full story at our sister site, Drug Delivery News.

The post With groundbreaking approval, Amgen launches new class of medicine for migraine patients appeared first on MassDevice.

Teva shares tumble after “challenging” Q4, FY17

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    The Cooper Co.'s, Teva PharmaceuticalsTeva Pharmaceuticals (NYSE:TEVA) said today that it closed the $1.1 billion cash sale of its Paragard intrauterine copper contraceptive device to Cooper Cos.‘ (NYSE:COO) CooperSurgical unit.

    The deal included Teva’s manufacturing facility in Buffalo, N.Y., the pharma company reported.

    The move is part of Teva’s efforts to restructure its business, narrowing its focus on CNS and respiratory conditions. The company also plans to divest of its oncology and pain businesses in Europe. In September, Teva inked deals to sell off the rest of its women’s health biz.

    “With completion of the sale of Paragard, Teva demonstrates strong execution of our strategic divestiture plan,” Teva’s out-going president & CEO Yitzhak Peterburg said in prepared remarks. “We now have an infusion of $1.1 billion to progress the repayment of term loan debt and are on track to deliver on our promise to generate net proceeds of at least $2 billion from the divestiture of non-core assets. We are very pleased to have completed this sale to CooperSurgical which will help to not only allow for greater focus within Teva’s global specialty medicines business but also assure that patients in the U.S. continue to benefit from access to this important contraceptive product.”