Teva expects sales injection from US EpiPen market - (Yahoo Finance via NewsPoints Desk)

  • Teva believes its generic version of Mylan's EpiPen will capture 25 percent of the US market by the end of the year, as reported Yahoo!Finance Tuesday.

  • Analysts previously estimated that the generic drug could boost Teva's annual revenue for $250 million and earnings per share by $0.04 to $0.06.

  • According to CEO Kare Schultz, Teva has introduced the adult version of the therapy, while the paediatric version will be unveiled later this year.

  • Meanwhile, many pharmacy chains and distributors have to receive supplies of Teva's generic version of EpiPen.

  • The news comes as Mylan's product has been in short supply due to manufacturing issues at a Pfizer facility that produces the auto-injection device.

  • Teva's generic version of EpiPen was approved by the FDA last August after several years of delay.

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