My TOP Altcoin for Right Now Is...

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Generics Player Teva Pharmaceutical Aces Late-Stage Schizophrenia Drug Study, Stock Shoots Higher

Vandana Singh
May 08, 2024

Wednesday, Teva Pharmaceutical Industries Ltd (NYSE:TEVA) and Medincell announced results from the efficacy portion of the Phase 3 SOLARIS trial of TEV-‘749 in adult patients with schizophrenia compared to placebo.

The results demonstrated that TEV-‘749 met its primary endpoint as measured by a change in the PANSS total score from baseline after eight weeks compared to placebo. PANSS measures the symptom severity of schizophrenia.

TEV-‘749 utilizes SteadyTeq, a copolymer technology proprietary to Medincell that provides a controlled, steady release of olanzapine, the most prescribed 2nd generation antipsychotic for schizophrenia in the U.S.

TEV-‘749 met its primary endpoint across all three dosing groups, with a mean difference in change in the Positive and Negative Syndrome Scale (PANSS) total score from baseline to week 8 of -9.71 points, -11.27 points and -9.71 points versus placebo for the high, medium, and low dose groups, respectively. 

These differences from placebo were clinically meaningful and statistically significant. 

Key secondary endpoints of CGI-S (Clinical Global Impressions – schizophrenia) and PSP (Personal and Social Performance Scale) total score were also statistically significant after adjusting for multiplicity. 

No cases of PDSS have been reported after the administration of approximately 80% of the target injection number.  

The long-term safety of TEV-‘749 and the incidence of post-injection delirium/sedation syndrome (PDSS) are also being evaluated in the SOLARIS open-label study (period 2), with safety data topline readout expected in the second half of 2024.  

Wednesday, Teva Pharmaceutical also reported the first quarter adjusted EPS of $0.48, up from $0.40 a year ago, missing the consensus of $0.51.

The company reported sales of $3.82 billion, beating the consensus of $3.73 billion.

Revenues increased 4% in U.S. dollars or 5% in local currency terms, mainly due to higher revenues from generic products in all segments, from Austedo and Ajovy in Europe and International Markets segments, partially offset by lower revenues from Copaxone.

Generic products revenues were $808 million, up 8%, mainly due to revenues from lenalidomide capsules (the generic version of Revlimid).

In the first quarter of 2024, total prescriptions were approximately 314 million, representing 8.2% of U.S. generic prescriptions.

Teva also reaffirmed its 2024 business outlook, with revenues of $15.7 billion – $16.3 billion (consensus $15.862 billion) and adjusted EPS of $2.20 – $2.50 (consensus $2.41).

Read Next: Federal Trade Commission Targets ‘Junk Patent Listings’ For Diabetes, Weight Loss, Asthma Drugs From Companies Like Novo Nordisk, AstraZeneca.

Price Action: TEVA shares are up 15.3% at $16.09 at last check Wednesday.

Photo by Ralf Liebhold via Shutterstock

Continue Reading...

Popular

Lebanon files complaint against Israel at UN labor body over deadly pager explosions, minister says

GENEVA (AP) — A Lebanese government minister said Wednesday his country was filing a complaint against Israel at the U.N.’s labor organization over the string of deadly attacks involving exploding pagers, saying workers were among those killed and injured.

Silicon Valley Insider Reveals AI Retirement Playbook - Ad

Jeff Brown, who recommended Nvidia in 2016, is sharing his full blueprint to help you retire comfortably using AI investments. Follow his strategy for a secure financial future.

Stock market today: Wall Street rallies on Election Day as economy remains solid

Asian shares were mostly higher on Wednesday after stocks on Wall Street rallied as Americans cast votes in a pivotal national election.

Hit by scandal, Japan's top automaker Toyota reports lower profits

TOKYO (AP) — Toyota’s July-September profit sank to less than half of what it was in the same period the previous year, as a production stoppage that followed , the Japanese automaker said Wednesday.

Wavebot: The Automated Trading Tool for This Bull Market - Ad

October through December are historically among the most bullish months for crypto. WaveBot -- an automated trading tool that takes all the guesswork out of profiting in crypto. It trades key levels, buying dips and selling at the perfect time, 24/7. All you need to do is set it up. After that, WaveBot takes care of everything.

Kamala Harris 'Ready' If Trump Decides To 'Falsely' Declare Victory: 'We Are Prepared To Respond'

Kamala Harris's campaign and Democratic officials are preparing to counter any premature victory declaration by Donald Trump on Election Day.

Lower-priced new cars are gaining popularity, and not just for cash-poor buyers

DETROIT (AP) — Had she wanted to, Michelle Chumley could have afforded a pricey new SUV loaded with options. But when it came time to replace her Chevrolet Blazer SUV, for which she'd paid about $40,000 three years ago, Chumley chose something smaller. And less costly.

Wall Street Insider Issues Crash Prediction - Ad

As AI stocks stumble/swing, Whitney Tilson just went on camera once again with his latest crash warning. If you have money in a single stock right now -- especially a tech stock -- you need to see what he's calling for today.

Edmunds: These are the best lightly used hybrid cars, SUVs and trucks

What if you can’t afford to buy a new car? Consider buying a used one. A lightly used hybrid can save you thousands of dollars compared to an equivalent new one and be a trustworthy vehicle for many years to come.

Top 3 Tech Stocks You'll Regret Missing In Q4

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Forget Nvidia, Apple, Tesla, and Google - Ad

Market Wizard Larry Benedict: "Forget 99% of stocks: It's possible to make all the money you need for a happy retirement with just this one."

Biden calls out Musk over a published report that the Tesla CEO once worked in the US illegally

NEW YORK (AP) — slammed for hypocrisy on immigration after a published report that the Tesla CEO once worked illegally in the United States. The South Africa-born Musk denies the allegation.

Erykah Badu celebrated as fashion icon at CFDA Awards after years of pushing boundaries

NEW YORK (AP) — Erykah Badu was bestowed the icon award by the Council of Fashion Designers of America, playfully saying it was an honor she’d been hoping to get most of her life.

Tesla Execs Are Freaking Out - Ad

You might not believe what you're about to see is real, but I assure you the video has been left unedited. It's so revolutionary that tech giants like Microsoft, Amazon, and NVIDIA are all lining up to get their hands on it. And Elon Musk has completely restructured Tesla to chase this opportunity.

GM Recalls 107 Bolt Electric Vehicles Due To Fire Risks

General Motors is recalling 107 Bolt electric vehicles owing to fire risks, the NHTSA said on Tuesday.

A New York City law used to padlock suspected illegal pot shops is ruled unconstitutional

A law that New York City has relied on to padlock scores of suspected unlicensed marijuana shops is unconstitutional because it violates the rights of store owners, a judge ruled Tuesday.

The 7th Trillion Dollar Company? - Ad

There are six American companies worth over $1 trillion. Could there be a seventh soon? This company signed a massive deal with Apple until 2040 and is also involved with Nvidia, Google, and Samsung. Could this be the next trillion-dollar company? A top stock expertpicker thinks so.

LA County sues Pepsi, Coca-Cola over plastic bottles

LOS ANGELES (AP) — Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.

AI Market Shock Coming November 19th? - Ad

Jeff Brown predicts an AI market shift, potentially happening by November 19th, led by Bill Gates' Stargate project. Get ahead of the curve before the next AI market shock.

Chevron Q3 Earnings: Production Boost By PDC Energy & Permian Basin, Targets $2-$3 Billion In Structural Savings By 2026

Chevron Corp reported Q3 results, with adjusted net earnings of $4.53 billion, and a quarterly dividend of $1.63 per share. The company plans to reduce costs and divest assets to improve performance.

Colorado accidentally put voting system passwords online, but officials say election is secure

DENVER (AP) — Voting system passwords were mistakenly put on the Colorado Secretary of State's website before being spotted and taken down, but the lapse did not pose an immediate threat to the , said state election officials Tuesday.

Proof Gold Could Hit $3K in 2025 - Ad

Stansberry Research just released a brand-new warning for what they believe will happen to gold in 2025. Even the most prepared Americans - including many retirees - could be blindsided by what's about to happen.

Apple, Microsoft And 3 Stocks To Watch Heading Into Thursday

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:

Tim Cook Underscores 'Several Positive Signs' In Apple's China Performance, Refrains From Talking About Economic Stimulus: 'Don't Want To Ad-Lib On The Effect Of It'

Apple CEO Tim Cook expressed cautious optimism about Apple's stable performance in China, highlighting record-high active devices and strong sales, while declining to speculate on the impact of China's economic stimulus.

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!

Listen to business owners and voters in Erie, Pennsylvania. They could help decide the White House.

ERIE, Pa. (AP) — It wasn’t much when he bought it, but Michael Hooks has made the old garage his own haven. And the city of Erie knows it. Half a dozen cars honk as they pass by one October afternoon, the people hanging out of car windows to wave hello at him.

Jim Cramer Says Mark Zuckerberg Has 'Your Brain' As Meta Pours Billions Into Global Domination Strategy

Jim Cramer highlighted Meta CEO Mark Zuckerberg's unique marketing abilities, suggesting Zuckerberg's focus on dominance and precision targeting can create global impact, as Meta's strong Q3 earnings exceeded expectations despite some stock volatility.

US Oil Set to Surge on Middle East Tension... Are You Ready? - Ad

With the Middle East facing yet another conflict, now is the time to get in. That's why today I want to show you the best way to profit from oil in 2024. It's NOT a stock, future or bond... Rather, it's an unusual investment that could hand you huge monthly income from the oil and gas markets.

Analyst Says This Crypto Could Explode By Up To 3.765%, And It Is Not Bitcoin Or Solana

Michaël van de Poppe, a well-known cryptocurrency analyst, has forecasted a massive upswing in the value of Sei, a competitor to Solana, with a potential increase of up to 3,765%.

U.S. Government Report Alert Tuesday - Ad

Every time the government releases jobs, inflation, GDP and other economic reports... Use the zero day loophole to target up to 253%... 327%... Even 383% overnight profits!

Batman Fan? You Can Now Score A Full Size Batmobile Replica For An Eye-Watering Price Of $3M

Wayne Enterprises Experience has 10 full-scale replicas of the famous Batmobile from The Dark Knight trilogy up for sale, each priced at nearly $3 million dollars.

The No. 1 Gold Play for 2025 - Ad

Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for just $6.

What's Going On With Oklo Stock Tuesday?

Oklo Inc. (NYSE:OKLO) shares are moving lower on Tuesday, pulling back from a recent surge in which several nuclear stocks rallied for multiple trading sessions. Despite the pullback, Oklo shares are still up approximately 175% over the past month. Here's what you need to know.

Robert Downey Jr. says he 'intends to sue' all future executives who use his AI replica

LOS ANGELES (AP) — doesn't think Marvel executives would ever recreate his portrayal of Tony Stark using artificial intelligence. But if they did, he would lawyer up — even posthumously.

Elon Musk: Without This Company, "Civilization Will Crumble" - Ad

Did you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip? Ex-Wall Street CEO Dylan Jovine calls this "the easiest windfall from the AI revolution." Even ChatGPT founder Sam Altman says AI depends on this company's work...

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service