Teva’s Auspex Buyout Pays, But Mylan Bid Hits Snag

By | June 16, 2015

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Israeli drug giant Teva Pharmaceutical Industries (TEVA) reported positive results for a recently acquired drug Tuesday. Teva stock was down a fraction, however, as the company also faced a new roadblock in its effort to take over Mylan (MYL). Teva said that SD-809, a drug that it had gained in its $3.5 billion buyout of Auspex Pharmaceuticals last month, hit the primary endpoint in a pivotal trial of tardive dyskinesia, a movement disorder that Scalper1 News

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