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Albany Molecular Research Inc. Message Board

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  • biovesting biovesting Sep 6, 2005 9:03 AM Flag

    AMRI UNDER HEAVY ACCUMULATION

    Down $1.43 in pre-market - I didn't know heavy accumulations caused a price drop. I am a little confused therefore on how 20 will be reached?

    Will this news help:

    Teva, Barr to launch generic Allegra
    Tuesday September 6, 8:31 am ET


    CHICAGO (Reuters) - Barr Pharmaceuticals Inc. (NYSE:BRL - News) and Teva Pharmaceutical Industries (NasdaqNM:TEVA - News; Tel Aviv:TEVA.TA - News) on Tuesday said they have entered into an agreement to launch a generic version of Sanofi-Aventis' (Paris:SASY.PA - News) Allegra allergy tablets.

    Barr last week received U.S. regulatory approval to sell the copycat drug. At the time, Barr said it believed it was the first company to seek U.S. approval for generic Allegra, which would give it 180 days of marketing exclusivity.

    For Teva, which has been pursuing its own generic version of Allegra, the deal with Barr allows it to launch earlier.

 
AMRI
14.72+0.12(+0.82%)Aug 29 4:00 PMEDT