EMEA recommends Teva organ rejection drugs - report

The drugs are generic version's of Roche's CellCept.

"Reuters" reports that the European Medicines Agency (EMEA) has recommended approval of Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) generic versions of the organ rejection drug CellCept, Myfenax and Mycophenolate mofetil Teva. Both versions are indicated for preventing acute transplant rejection in patients receiving kidney, heart, or liver transplants.

The two medicines are generic versions of Roche Holding AG's (SWX: ROG) original drug CellCept, which the EMEA approved in 1996. "Reuters" noted that marketing recommendation by the EMEA's Committee for Medicinal Products for Human Use (CHMP) are normally endorsed by the European Commission within a couple of months.

Teva closed at $44.40 on Nasdaq on Friday, giving a market cap of $34 billion. The share rose 0.3% in after-hours trading, and fell 1% at the opening on the TASE today.

Published by Globes [online], Israel business news - www.globes-online.com - on December 16, 2007

© Copyright of Globes Publisher Itonut (1983) Ltd. 2007

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Your name
Please insert your name
Content
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

Thanks
You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Yaron Daniely Replacing Ritalin

Alcobra has had two successful Nasdaq offerings this year as it develops an ADHD treatment with fewer side effects.

Twitter Facebook Linkedin RSS Newsletters