Teva Launches Generic Version Of Sandostatin In The US
Portfolio Pulse from Vaishali Prayag
Teva Pharmaceutical Industries has launched the first generic version of Sandostatin LAR Depot in the U.S., targeting conditions like acromegaly and carcinoid syndrome. This move is expected to offer a more affordable treatment option, with the brand-name drug having annual sales of $826 million. Despite this positive development, Teva's stock is down 2.6%, potentially influenced by geopolitical tensions involving Israel.
October 01, 2024 | 5:42 pm
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Teva has launched the first generic version of Sandostatin LAR Depot in the U.S., which could increase market share and provide affordable treatment options. However, shares are down 2.6%, possibly due to geopolitical tensions.
The launch of a generic version of a high-revenue drug like Sandostatin LAR Depot is a significant positive development for Teva, potentially increasing its market share and revenue. However, the stock price is currently down, likely due to external geopolitical factors rather than the product launch itself.
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