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Teva Braces For A Bigger Hit As Price Competition Intensifies For Copaxone

 
• By Jessica Merrill

Teva has been able to hold onto a roughly 85% share of the Copaxone 40 mg market, but expects pressure from generics will intensify in the second half of the year.

TEVA

Teva Pharmaceutical Industries Ltd.'s blockbuster Copaxone (glatiramer) franchise has been something of a lifeline for the company as it retrenches under new leadership amid ongoing challenges to the US generics business and mounting debt. Despite the launch of the first generic to the valuable 40 mg brand last year, Teva has been able to hold onto a roughly 85% share of the market, though it had to take a big hit on price.

Now even that slim victory is waning.

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