Teva Launches Generic Version Of Sandostatin In The US

Vaishali Prayag

October 01, 2024

Shares of Teva Pharmaceutical Industries (NYSE:TEVA) on Tuesday the launch of the first and only generic version of Sandostatin LAR Depot (octreotide acetate for injectable suspension) in the U.S.

Teva's new generic drug is used to treat acromegaly—a condition characterized by excessive growth hormone—and severe diarrhea in patients with carcinoid syndrome, a complication of certain cancers. With annual sales of $826 million for the brand-name version of Sandostatin LAR Depot as of July 2024, the new generic option is expected to provide more affordable treatment to patients.

Ernie Richardsen, SVP of U.S. Commercial Generics at Teva, expressed optimism about the launch, stating, "This first-to-market launch showcases Teva’s expertise in bringing complex generics to market. We are not only sustaining a generics powerhouse but also bringing value to patients and healthcare systems."

What Else: Iran’s missile attack on Teva’s home country of Israel may have also be impacting the stock today.

TEVA Price Action: Teva shares were down by 2.6% at $254.81 according to Benzinga Pro.

See Also:

Ripple Receives Dubai Approval For Blockchain Payment Services

Image Via Shutterstock.

Recommended

Tap Into the $65B 'Shroom Boom' - Ad

What's inside Elon's building in Memphis will shock you - Ad

Back the Biotech Company Unlocking Mushroom Health Benefits for All - Ad

President Donald Trump during a dinner with Republican lawmakers stated, that up to 5 jets were shot down during the India-Pakistan conflict.

Colonel Sanders Sold KFC For $2 Million Only To See The New Owners Cash Out For $285 Million Few Years Later — Why He Then Sued Them

Harland Sanders built Kentucky Fried Chicken into a success but sold it for just $2M, feeling sidelined as it grew into a global brand. He died in 1980.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Elizabeth Warren Has The Receipts: 'Bribery In Plain Sight' Funding Trump's Library

Several companies have donated to President Donald Trump's future presidential library. Senator Elizabeth Warren calls this potential "bribery in plain sight."

After years of tough rules on liquids and footwear, US air travel may be on the cusp of a new era

NEW YORK (AP) — When limits on liquids were introduced at TSA checkpoints across the country in 2006, bins overflowed with bottled water, toothpaste, shaving cream and so much more. Nearly two decades later, travelers are much more accustomed to the “3-1-1” regulations" governing the size of the liquids they're flying with, but scenes of passengers guzzling a beverage before putting their bags through the screening machines are still common.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Draganfly Stock Is Moving Higher Wednesday: What's Going On?

Dragonfly shares are trading higher Wednesday after the company announced its Cammander3 XL UAV has been selected by the Department of Defense for advanced operation initiatives.

One Tech Tip: How to clean your computer, earbuds and smartphone

LONDON (AP) — Smartphones, laptops, headphones and other electronic devices are essential for work and play in our daily lives. But all that time spent typing, scrolling or listening also means our devices gradually accumulate grime that needs to be cleaned off.

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon - Ad

The U.S. Department of the Interior's internal memo has leaked ... and the contents are shocking. A federally backed resource monetization plan may soon go live, and it could trigger a new gold rush into select energy and mineral stocks. Investing legend Whitney Tilson breaks it all down inside.

Drone attacks on oil fields in Iraq's Kurdish region shut down another facility

BAGHDAD (AP) — Drones targeted Wednesday, the latest in a series of attacks in recent days that have put several oil facilities out of commission.

MP Materials, Nvidia, AMD, Alibaba And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Major indices were mixed on Tuesday with the Dow Jones Industrial Average falling nearly 1% to 44,023.29.

Don't Touch Tesla Stock Without Reading This First

Don't Touch Tesla Stock Without Reading This First - Ad

Jeff Brown, an early Tesla bull, warns of a strange "Tesla Glitch" uncovered by Wall Street legend Larry Benedict. This anomaly has preceded $25B-$100B swings in Tesla's value - and he's using it to anticipate moves without buying or shorting a single share.

Trump's 'Happy Crypto Week' Gets Off To Rocky Start As House Suspends Votes On Key Bills

The House of Representatives called off Tuesday’s votes on pivotal cryptocurrency bills, citing a procedural failure.

Japan's governing coalition likely to lose upper house election, exit polls show

TOKYO (AP) — The governing coalition of Prime Minister is likely to lose a majority in the smaller of Japan's two parliamentary houses in a Sunday, according to exit polls, worsening the country's political instability.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

ASML Stock Plunges Nearly 8% In Wednesday Pre-Market: What's Going On?

Shares of Dutch semiconductor firm, ASML Holding NV (NASDAQ: ASML), has declined 7.46% during Wednesday pre-market trading, after the company expressed concerns over its 2026 growth prospects.

Whistleblower's Texts Allege Ex-Trump Lawyer Bove Encouraged Lawbreaking. Now He's Up for a Judgeship.

Emil Bove is on the verge of a lifetime appointment as a judge, despite allegations of professional misconduct.

Palantir's AI Is Going Physical

Palantir's AI Is Going Physical - Ad

The next wave of security AI is happening now. Palantir just joined forces with a company already doing the work.

US Dollar Can Lose Its 'Supremacy Premium' If Fed Interferes With Bond Market: Currencies Are 'Release Valve For Unsustainable Fiscal Policy'

The U.S. dollar's status as the premier currency could be at risk if the Federal Reserve intervenes in the bond markets.

Feihe Struggles Amid China's Dairy Oversupply And Falling Birth Rates

Declining birth rates and China's slowing economy are taking a toll on the company and its peers as they grapple with oversupply and asset impairments on excess inventory

Palantir Is up... but This Could Move Faster

Palantir Is up... but This Could Move Faster - Ad

A new partnership just launched with Palantir. One company's tech is already live in police departments, hospitals, and government.

This New Themes ETF Lets You Bet On China's ChatGPT Rivals

American investors now have a new way to access China's AI market through Themes China Generative AI ETF, offering low expenses and exposure to Chinese talent.

'Insiders Have Rarely Been This Bearish': Selling Spree By Executives Sweeps Across S&P 500, But There Is One Sector Bucking The Trend

Sentiment among corporate insiders has plunged to an unprecedented low, as evidenced by the substantial insider selling activity seen in recent months.

Tap Into the $65B 'Shroom Boom'

Tap Into the $65B 'Shroom Boom' - Ad

People are rapidly discovering how mushrooms can enhance brain function, gut health, immunity, and more. The only thing holding them back? A simple way to grow them. Hypha Labs built a compact countertop device to solve exactly that.

What's Fueling ON Semiconductor's Recent Stock Surge?

ON Semiconductor has recently seen a significant surge, gaining over 47% in the last three months and outperforming the index's 34% rise, and it currently trades above its 50-day moving average of $47.56.

EU and Japan agree to work together to promote free trade and economic security

TOKYO (AP) — Leaders of the and Japan launched an alliance Wednesday aimed at boosting economic cooperation, defending free trade and countering unfair trade practices as the two sides face growing challenges from the United States and China.

What's inside Elon's building in Memphis will shock you

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the August 1st funding window closes.

Trump Says Coca Cola Has Agreed To Use Real Cane Sugar In Their US Sodas: 'It's Just Better'

Trump says he's convinced Coca-Cola to use real cane sugar in its U.S. products after discussing with them. It comes amid health concerns of chemicals in products.

Connie Francis' 'Pretty Little Baby' became an unexpected TikTok hit — 63 years after its release

Connie Francis was a giant of 1950s and '60s sugary-sweet pop, notching more than a dozen hits. In the months she experienced one more in “Pretty Little Baby,” which has become a viral hit on TikTok six decades after its release.

Back the Biotech Company Unlocking Mushroom Health Benefits for All

Back the Biotech Company Unlocking Mushroom Health Benefits for All - Ad

Functional mushrooms can boost mental, gut, and immune health-but people can't grow them at home. One company is making it easy with a patent-pending kitchen device. Think Nespresso, but for mushrooms. The functional mushroom market is projected to nearly double by 2030.

With New Onvo Brand Launching, NIO's Mass-Market Strategy Is Under The Microscope

Shares of NIO are trading higher Friday afternoon. The stock is extending a strong rally that has seen the stock surge over 40% in the past month.

Comic-Con goes interstellar with 'Project Hail Mary,' 'Star Trek' updates

SAN DIEGO (AP) — is headed to space for its third day.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

Shiba Inu Could Surge 3,000% and Overtake Dogecoin by 2026, Say Analysts

Memecoin Shiba Inu (CRYPTO: SHIB) is expected to outperform Dogecoin (CRYPTO: DOGE) in the forthcoming bull cycle, as per analysts’ predictions.

Schlumberger, Stellantis And ASML Holding Are Among Top 10 Large Cap Losers Last Week (July 14-July 18): Are The Others In Your Portfolio?

Elevance Health and Waters led the weekly large-cap losers, hit by weak earnings, lowered guidance, and analyst downgrades.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Modi joins Maldives independence day celebrations, signals easing tensions amid China rivalry

COLOMBO, Sri Lanka (AP) — Indian Prime Minister Narendra Modi Saturday participated Saturday in the 60th Independence Day celebrations of the Maldives, concluding a two-day visit to the island nation. During the trip, Modi also announced financial assistance and formally launched talks on a proposed free trade agreement.

Palantir-Deloitte Alliance Targets Tech Debt With New AI-Powered Operating System To 'Make America Stronger'

Palantir Technologies Inc. and Deloitte have launched a strategic alliance targeting enterprise artificial intelligence transformation.

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon - Ad

Ethereum, XRP, SOL Surge After GENIUS Act: What's Driving The Altcoin Rally?

The altcoin rally may only be getting started and follows the signing of the GENIUS Act, the most significant U.S. crypto legislation to date, ushering in structural clarity for digital assets.

Trending Now

Jim Cramer Made 'FAANG' Popular, Now He Says There's A New Acronym To Describe These Retail Favorite Stocks — 'PARC'

Marjorie Taylor Greene Increases These 2 Stocks In Portfolio, Including This AI Name Up Over 100% YTD

Don't Touch Tesla Stock Without Reading This First - Ad

Coldplay's jumbotron captures — what exactly? The internet has its theories

Cathie Wood's Ethereum Double-Down: Ark Bets $7.9 Million On ETH-Staking ETF Buy While Selling Coinbase At Highs

The Tesla Shock Nobody Sees Coming - Ad

Cathie Wood Doubles Down On Tesla Despite Leadership Exodus, Dumps $22 Million Of Crypto Stocks Amid Bitcoin Buzz

Elon Musk Once Revealed How He Comes Up With 'Crazy Ideas' — And Gets Them Off The Ground Even When Funding Is Scarce

Palantir's AI Is Going Physical - Ad

Is Costco Stock Topping Out? Key Price Levels To Watch

Nvidia-Supplier Taiwan Semiconductor On A Roll, Profit Explodes With Strong Margin Growth

Palantir Is up... but This Could Move Faster - Ad

The Last Time This Warning Flashed, S&P 500 Crashed The Most Since 2008

Circle CEO: Stablecoins Are Going Mainstream — Fast

Tap Into the $65B 'Shroom Boom' - Ad

Education Department says it will release billions in remaining withheld grant money for schools

Ranchers in southern Mexico are struggling against a flesh-eating parasite infecting livestock

What's inside Elon's building in Memphis will shock you - Ad

Mark Zuckerberg's Meta And Elon Musk's X Fight Back Against Efforts By Italy To Tax Free Access To Social Media In Exchange For Users' Personal Data

Barbara Corcoran, Who Sold Her Real Estate Empire For $66 Million Decades Ago, Says This Is The 'Most Under-Utilized' Tool In The Workplace

Back the Biotech Company Unlocking Mushroom Health Benefits for All - Ad

Mark Cuban Praised His 'Hustling' Son, But Told Kids: 'Figure Out Who You Are, You Don't Need To Follow In My Footsteps'

Asian shares are mixed after Wall Street logs a 3rd straight winning week

How to Hack a $1.3T Market - Ad

Inside the high-stakes battle to win a New York City casino license

The Latest Wave of AI Investments and Acquisitions: Perplexity AI Secures Landmark Funding As Amazon And Stripe Make Moves

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Trump Celebrates Stephen Colbert's Late Show Cancellation, Slams CBS And Calls Host Talentless Amid Paramount Settlement Controversy

Lulu's Fashion Lounge Surges Over 51% During Pre-Market Hours — What's Fueling The LVLU Rally?

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon - Ad

NYU Professor Warns Companies Against Moving Cash Into Bitcoin — Unless You're Strategy, PayPal, Or A Meme Stock: 'This Is A Bad Idea'

Tim Walz: Trump 'Brings Out the Worst in Me'

Don't Touch Tesla Stock Without Reading This First - Ad

Peter Thiel Effect? Cathie Wood Pours $175 Million Into Bitmine Immersion Stock As Founders Fund Backing, Ethereum Spike Fuels Buzz

Hershey and other chocolate makers hike prices as cocoa remains near record highs

The Tesla Shock Nobody Sees Coming - Ad

Trump Tariffs Are Causing Decline In EV Battery Demand, Says Tesla, General Motors Supplier LG

Australian prime minister indulges in panda diplomacy as state visit in China nears end.

Palantir's AI Is Going Physical - Ad

US automakers say Trump's 15% tariff deal with Japan puts them at a disadvantage

Lin-Manuel Miranda will turn 'Hamilton' 10th anniversary into a fundraiser for immigration services

Palantir Is up... but This Could Move Faster - Ad

Illumina Stock: What Went Wrong And Why It's Best To Stay Away

Forget 'Wealth': Warren Buffett Says This Word Is the True Measure of Success

Tap Into the $65B 'Shroom Boom' - Ad

Oklo Stock Hit A New 52-Week High Today: What's Driving The Action?

Edmunds: Five expert tips to make cross-country EV driving easy

What's inside Elon's building in Memphis will shock you - Ad

Mark Cuban Once Defended Ripple And XRP: Today, The Legal Drama With SEC Is All But Settled, And The Coin Is Sitting On 295% Gains

The government was once a steady partner for nonprofits. That's changing

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.