Teva sees 25% of EpiPen market by year end
Feb. 19, 2019 4:34 AM ETTeva Pharmaceutical Industries Limited (TEVA), VTRSTEVA, VTRSBy: Yoel Minkoff, SA News Editor7 Comments
- Teva Pharmaceutical (NYSE:TEVA) expects its generic version of Mylan's (NASDAQ:MYL) EpiPen to have about 25% share of the U.S. market by the end of 2019.
- The company is already selling its product for adults and plans to start supply of a junior version for young kids in 3-4 months, CEO Kare Schultz declared.
- Mylan also has a generic version of its EpiPen, which is priced at around $300, similar to Teva's product.
- TEVA +1.1% premarket