The major question surrounding Teva (TEVA) is how much Mylan's (MYL) generic Copaxone will impact Copaxone sales. The answer to that question began to materialize after Mylan offered 25% - 30% discounts on generic Copaxone:
Just how much Mylan’s generic of 40-mg multiple sclerosis blockbuster Copaxone ends up hurting Teva depends on the knockoff’s pricing, and on Monday one analyst offered a window into how things are playing out so far.
Mylan is serving up 25% to 30% discounts versus the “prevailing price” on the original med, Bernstein’s Ronny Gal wrote to clients, cautioning that “it is not quite done.”
According to Bernstein's Ronny Gal Teva is countering Mylan's discounts. That could portend near-term pressure for Teva's earnings and share price.
