Teva Launches Generic Version Of Sandostatin In The US

Vaishali Prayag

October 01, 2024

Shares of Teva Pharmaceutical Industries (NYSE:TEVA) on Tuesday the launch of the first and only generic version of Sandostatin LAR Depot (octreotide acetate for injectable suspension) in the U.S.

Teva's new generic drug is used to treat acromegaly—a condition characterized by excessive growth hormone—and severe diarrhea in patients with carcinoid syndrome, a complication of certain cancers. With annual sales of $826 million for the brand-name version of Sandostatin LAR Depot as of July 2024, the new generic option is expected to provide more affordable treatment to patients.

Ernie Richardsen, SVP of U.S. Commercial Generics at Teva, expressed optimism about the launch, stating, "This first-to-market launch showcases Teva’s expertise in bringing complex generics to market. We are not only sustaining a generics powerhouse but also bringing value to patients and healthcare systems."

What Else: Iran’s missile attack on Teva’s home country of Israel may have also be impacting the stock today.

TEVA Price Action: Teva shares were down by 2.6% at $254.81 according to Benzinga Pro.

See Also:

Ripple Receives Dubai Approval For Blockchain Payment Services

Image Via Shutterstock.

Recommended

Financial Nightmare Coming After Election - Ad

Revolutionary Tech Alert: How Elon Musk Is Changing Lives - Ad

50-Year Wall Street Legend: "Prepare for an Election Surprise" - Ad

Popular

Top 3 Energy Stocks That Could Lead To Your Biggest Gains This Month

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Voters in Northern California county to vote on whether to allow large-scale farms

PETALUMA, Calif. (AP) — In a stretch of Northern California known for scenic shorelines and celebrated vineyards, hundreds of brown-bodied hens waddle around a large barn at Weber Family Farms.

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL)

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

Appeal delays $600 million class action settlement payments in fiery Ohio derailment

Settlement checks related to Norfolk Southern's could be delayed up to two years now because an appeal of a federal judge's to approve the has been filed, lawyers in the case said Monday.

Asia Mixed, Europe Markets Fall While Crude Rises On Middle East Tensions â€“ Global Markets Today While US Slept

US markets closed higher, led by tech stocks. ADP reported increase in private jobs. Asian markets mixed, global stocks down due to Middle East tensions.

Why We Just Sold Half of Our Stocks

Why We Just Sold Half of Our Stocks - Ad

We've already sold all or part of 52 different stocks this year - more than any other period in our firms' history. That's because there are five cracks forming below this market that threaten us with a widespread collapse. We could see the market tumble by 50% and unemployment will triple.

Is Mayor Adams' Crackdown On Illegal Cannabis Working? NYC Council Weighs In After 1,000+ Store Closures

NYC's Operation Padlock has shut 1,000 illegal cannabis shops and boosted legal sales by 97%. City Council reviews the crackdown's impact.

SWIFT Targets 2025 To Test Digital Currency Trades As Central Authorities Look To Keep Pace With Bitcoin's Efficiency

Global banking network SWIFT is set to trial live transactions involving digital currencies and tokenized assets next year, marking a significant advancement in integrating these assets into the mainstream financial system.

Do NOT Buy Nvidia, Apple, Microsoft, Meta, Tesla, or ANY Major Tech Stock...

Do NOT Buy Nvidia, Apple, Microsoft, Meta, Tesla, or ANY Major Tech Stock... - Ad

31 billionaires (including: Warren Buffett, Elon Musk, Jeff Bezos, and more) are quietly unloading shares of their OWN stocks at RECORD pace... But why? Wall Street legend Eric Fry says it's because, soon: "America's most popular stocks like Nvidia, Apple, Meta, Tesla, and thousands more... are set to come plummeting back to Earth." Erasing YEARS of investor profits... Sparking a $17 trillion PANIC on Wall Street...

Kennedy Campaign Rollercoaster: Wisconsin Supreme Court Keeps RFK Jr. On Swing State Ballot

Robert F. Kennedy Jr. will stay on Wisconsin's presidential ballot after a state Supreme Court ruling.

Boeing makes a 'best and final offer' to striking union workers

Boeing said Monday it made a “best and final offer” to that includes bigger raises and larger bonuses than a proposed contract that was .

New "Living Missile" to Replace Nuclear Missiles

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

VersaBank To See Modest Expansion In Net Interest Margins: Analyst

Analyst Craig Irwin projects modest net interest margin expansion for VersaBank post-acquisition, with a price target of $18 amid ongoing strategic enhancements.

Elon Musk Says 'OpenAI Is Evil' After ChatGPT-Parent Reportedly Asked Investors Not To Invest In Rivals, Including xAI

Elon Musk accused OpenAI of unfair funding practices after reports indicated the AI startup discouraged investors from backing rival companies, including his xAI, during its latest $150 billion valuation fundraising round.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

British PM Dines With Trump, Skips Meeting With Kamala Harris Due To 'Usual Diary Challenges'

Neither the U.K. government nor Trump have disclosed the topics discussed during the dinner.

GE Vernova's Gas Power Services Underappreciated & Poised For Growth: Analyst

GE Vernova upgraded to Buy by BofA Securities, price target raised from $200 to $300. Analyst sees potential in Gas Power Services.

Seven Unknown AI Stocks That Could Dominate the Next Six Years

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

What's Going On With Trump Media & Technology Stock On Wednesday?

Trump's stock in his media company has been in recovery mode since lockup period expired, while he continues to promote pro-American policies.

What's Going On With Honeywell International Stock Today?

Honeywell International shares rose 1.57% to $210.41 after announcing a dividend increase from $4.32 to $4.52 per share, effective December.

U.S. Loses to China in Shocking WAR GAMES

U.S. Loses to China in Shocking WAR GAMES - Ad

Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon.

US Banks' $1 Trillion Windfall, CFOs' Election Predictions, And More: This Week In Economics

This week in Economics: U.S. banks gained a $1 trillion windfall from high interest rates, CFOs predict a Harris victory in the upcoming election, a leading Chinese economist has gone missing, and Chinese stocks surged after a major monetary stimulus from the PBoC.

Japan's trade deficit grows while both imports, exports fall short of forecasts

TOKYO (AP) — Japan posted a trade deficit for a second straight month in August, the Finance Ministry said Wednesday, despite signs of sluggish consumer spending that weighed on imports.

Our No. 1 Stock for the Rare "Millionaire Window" Opening Now

Our No. 1 Stock for the Rare "Millionaire Window" Opening Now - Ad

According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It's an often-misunderstood market setup we've only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires -- in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich.

House backs measure to overturn Biden auto emissions rule that Republicans say would force EV sales

WASHINGTON (AP) — The GOP-controlled House approved a resolution Friday that would overturn a new Biden administration rule on automobile emissions that Republicans say would force Americans to buy unaffordable electric vehicles they don't want.

PayPal Steps Up Crypto Game, Allows US Merchants To Buy, Sell, And Hold Digital Assets

Payments giant PayPal Holdings Inc. (NASDAQ:PYPL) unveiled its plan to extend cryptocurrency services to U.S. business account holders, with the exception of New York State.

Man Who Predicted Trump Win Issues Shocking New Election Prediction

Man Who Predicted Trump Win Issues Shocking New Election Prediction - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

WASHINGTON (AP) — The Federal Reserve's preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next.

Argentina's poverty rate spikes to 53% in first 6 months of President Milei's shock therapy

BUENOS AIRES, Argentina (AP) — Argentina's poverty rate jumped from 41.7% to 52.9% during the first six months of s presidency, the statistics agency reported Thursday, a rise reflects the pain of the country's most intense austerity program in recent memory.

What Are "Crypto Royalties"?

What Are "Crypto Royalties"? - Ad

Right now, there's an unusual $100 way to collect MONTHLY income from the crypto markets. But it's by far my #1 investment opportunity for 2024. It's from a little-known asset I call "Crypto Royalties."

Canoo Expands Globally With UK Launch, Establishes Activation Center At Historic Bicester Motion

Canoo revealed its official entry into the U.K. market by establishing Canoo Technologies UK Limited, representing a key milestone in the company's global expansion strategy.

Israel has a long history of pulling off complex attacks like the exploding pagers

JERUSALEM (AP) — Hezbollah and the Lebanese government were quick to blame Israel for the nearly used by the militant group's members in an attack Tuesday that killed at least nine people and wounded nearly 3,000 others, according to officials.

Sell This Stock Before Election Day

Sell This Stock Before Election Day - Ad

Since the AI investing trend kicked off last year, the line between U.S. politics and the U.S. stock market has never been thinner. One 50-year Wall Street is stepping forward to warn of a dramatic market event that could rock the U.S. stock market before Election Day.

Home cookin': Diners skipping restaurants and making more meals at home as inflation trend inverts

NEW YORK (AP) — Eating in is in and eating out is out.

High insulin prices spur a federal lawsuit against three pharmacy benefit managers

The federal government is suing some big pharmacy benefit managers over a system of drug rebates that regulators say has made the price of insulin soar for diabetic patients.

My No. 1 Oil Play for 2024

My No. 1 Oil Play for 2024 - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Japan's Kojima, with its proud Jeans Street, draws fans of vintage, deep-blue denim

KOJIMA, Japan (AP) — Denim, that is all about being Japanese in the town of Kojima, where the main road is named Jeans Street, with real pairs of pants flapping like flags overhead.

America's Largest Landlord Of Single-Family Homes Invitation Homes Faces FTC Fines For Alleged Unfair, Deceptive Practices

The FTC has fined Invitation Homes $48 million for deceptive practices, including hidden rental fees, unfair security deposit charges, and unethical eviction tactics. The settlement aims to compensate harmed tenants.

Red-Hot AI Stock "Disappearing" Soon? (Get In Now)

Red-Hot AI Stock "Disappearing" Soon? (Get In Now) - Ad

Right now, there's an AI stock on the verge of being snapped up by a giant company... And when it does, its price could go flying. The potential gains could be astronomical. You want to get in before that happens... Otherwise the opportunity could pass you by. Your window to buy in is right now...

Officials warn that EVs could catch fire if inundated with saltwater from Hurricane Helene

Electric vehicles can catch fire if they are inundated by saltwater, so owners who live in the path of a major storm like Hurricane Helene should take precautions and prepare for the possibility that they'll be unable to charge their cars during a power outage.

Trending Now

Elon Musk Resumes Slamming FCC's Decision To Deny Starlink $885M Subsidy After FEMA Sends Its Terminals To Help Hurricane Helene Victims

Experts Slam Trump's 200% Tariff Threat To John Deere: 'You'll Find No Serious, Respected Trade Economists Thinking That This Is A Good Idea'

Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'

Anthony Scaramucci Explains How Kamala Harris Can Improve Her Poor Economic Polling: 'She Has To Get Out There And Do That'

Mark Zuckerberg Says, Orion 'Is Probably Going To Be The Next Major Platform After Phones' â€” Meta's New AR Wearables Real-Life Tony Stark Glasses In The Making?