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Teva Advancing Two Advair Generics With Late 2017 Target

 
• By Jessica Merrill

Teva will move forward an internal generic Advair candidate and one acquired from Allergan to improve its chances of getting an interchangeable version of the market-leading asthma drug approved by FDA.

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Teva Pharmaceutical Industries Ltd. is doubling down on its efforts to develop an interchangeable generic Advair. The company will advance an internal candidate and a second acquired with the acquisition of Allergan PLC’s generic drug business, Teva Global Generic Medicines Group President and CEO Sigurdur Olafsson said during the company’s second quarter sales and earnings call Aug. 4.

The financial update fell just days after the Federal Trade Commission cleared Teva’s $40.5bn acquisition of Allergan’s generic drug business July 27 and 48 hours after the closing of the...

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