Back to top

Analyst Blog

Teva Pharmaceutical Industries Ltd. (TEVA - Analyst Report) recently announced that its supplemental new drug application (sNDA) for its thrice-weekly dosing regimen of Copaxone has been accepted for review by the US Food and Drug Administration (FDA).

The 40 mg thrice-weekly (3TW – three times a week) formulation of Copaxone represents a less frequent dosing regimen compared to the currently available once-daily 20 mg dosing regimen.

Copaxone is approved for the reduction of the frequency of relapses in relapsing-remitting multiple sclerosis (RRMS), including patients who have experienced a first clinical episode and have MRI features consistent with multiple sclerosis. Copaxone is the key branded product at Teva. With sales of almost $4 billion in 2012, Copaxone accounted for about 19.7% of total revenues.

Teva has been working on extending Copaxone’s lifecycle. Label expansion would help drive Copaxone sales and could reduce the impact of generic competition once Copaxone 20 mg loses exclusivity. A response regarding the sNDA will most likely be out early next year.

Apart from Teva, the multiple sclerosis market has several players like Biogen (BIIB - Analyst Report), Novartis (NVS - Analyst Report) and Pfizer (PFE - Analyst Report) among others. We expect Copaxone to face additional competitive pressure given the entry of new players in the multiple sclerosis market, especially Biogen’s oral multiple sclerosis treatment, Tecfidera.

Teva currently carries a Zacks Rank #3 (Hold). Teva is currently going through a tough transition period given fewer large generic opportunities, potential new competition for branded products (especially Copaxone) and a higher cost base.

However, we are encouraged by the company’s plans to improve its position. Teva said that it intends to accelerate growth platforms, protect and expand core franchises, expand its global presence, pursue strategic deals and reduce the cost base. We expect investor focus to remain on the execution of the company’s new strategy.

While Novartis and Pfizer are also Zacks Rank #3 stocks, Biogen is a Zacks Rank #2 (Buy) stock.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
THE PANTRY… PTRY 21.27 +3.30%
ERBA DIAGNO… ERB 2.99 +2.75%
WILLDAN GRO… WLDN 11.76 +2.08%
SANCHEZ ENE… SN 33.98 +2.07%
INTEL CP INTC 35.10 +1.72%