Back to top

Analyst Blog

Mylan Inc. (MYL - Analyst Report) recently announced that Teva Pharmaceutical Industries Limited’s (TEVA - Analyst Report) lawsuit related to the latter’s Copaxone was dismissed by the US District Court for the Southern District of N.Y. Teva alleged that Mylan's abbreviated new drug application (ANDA) for its generic version of Copaxone infringed four patents (66,514,938, 7,074,580, 7,163,802, and 7,615,359) protecting the drug.

Meanwhile, Mylan is also appealing an unfavorable ruling by the US District Court for the Southern District of N.Y. related to several other Copaxone patents (5,800,808, 5,981,589, 6,048,898, 6,054,430, 6,342,476, 6,362,161, 6, 620,847, 6,939,539 and 7,199,098).

A favorable ruling would enable Mylan to launch its version of generic Copaxone subject to regulatory approval.

We note that Copaxone is approved for the reduction of the frequency of relapses in relapsing-remitting multiple sclerosis, including patients who have experienced a first clinical episode and have MRI features consistent with multiple sclerosis.

The drug generated global sales of $1.1 billion in the first quarter of 2013. However, Copaxone revenues are already under pressure given that multiple sclerosis is a heavily crowded market with players like Avonex, Tysabri, Rebif and Gilenya. Additionally, new entrants in the form of Aubagio and Tecfidera can further stiffen competition and eat into Copaxone’s share.

We note that Sandoz, the generic arm of Novartis (NVS - Analyst Report), is also looking to launch its generic version of Copaxone.

Mylan and Teva both carry a Zacks Rank #3 (Hold). Actavis, Inc. (ACT - Analyst Report) appears to be more attractive in the generic space with a Zacks Rank #2 (Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

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 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
UNITED THER… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%