Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Teva Jumps After Judge Ruled Copaxone Patents Were Valid

June 25 (Bloomberg) -- Teva Pharmaceutical Industries Ltd. gained the most in five months in New York after a U.S. court ruled that competitors won’t be able to sell generic versions of Copaxone, the Israeli drugmaker’s best-selling medicine.

American depositary receipts of Teva, the world’s largest generic drugmaker, surged 4.5 percent to $39.72 by the close in New York, the sharpest increase since Jan 3. The shares declined 2.5 percent to 158.9 shekels in Tel Aviv, or the equivalent of $40.51, after rising the most in 12 years yesterday.

U.S. District Judge Barbara Jones in Manhattan ruled that patents on Copaxone, the multiple sclerosis medicine that made up 21 percent of Teva’s revenue in 2011, are valid, the company said in a statement distributed by Business Wire on June 23. Teva had sued Novartis AG, Mylan Inc. and Momenta Pharmaceuticals Inc., saying their attempts to seek permission to sell Copaxone copies infringed on patents.

To contact the reporter on this story: Christine Harvey in New York at

To contact the editor responsible for this story: Tal Barak Harif at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.