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Teva Receives FDA Approval For Generic Lexapro For Adults

DOW JONES NEWSWIRES Teva Pharmaceutical Industries Ltd. (TEVA, TEVA.TV) has received U.S. Food and Drug Administration approval to market the first generic version of Forest Laboratories Inc.'s (FRX) Lexapro for adults. The generic drug--escitalopram--is approved to treat depression and generalized anxiety disorder. The world's biggest manufacturer of generic drugs said Wednesday it has been granted a 180-day period of generic-drug exclusivity, which means the FDA can't approve another generic version of escitalopram tablets before the end of that period. Teva, which has diversified into brand-name and over-the-counter drugs, in February expected sales growth for its U.S. generics business to outpace market growth during 2012. Lexapro has been Forest Labs's main money maker. The company in January reported Lexapro sales of $593 million for its fiscal third quarter. Teva last month reported that its fourth-quarter profit declined 34%, as higher acquisition-related costs more than offset a revenue increase fueled by last year's purchase of Cephalon Inc. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Forest Labs (FRX)
DateTimeHeadline
03/31/201409:18:21U.S. Hot Stocks: Hot Stocks to Watch
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02/24/201417:01:35MARKET SNAPSHOT: Stocks Rally; S&P 500 Ends Right Below Record
02/24/201413:53:12MARKET SNAPSHOT: U.S. Stocks Rally As S&P 500 Hits Intraday Record
02/24/201405:47:09MARKET SNAPSHOT: U.S. Stock Market Is Starting To Ride A Tech...
02/18/201416:54:11MARKET SNAPSHOT: U.S. Stocks Edge Up; Nasdaq Gains For 8th Day...
02/18/201415:35:34MARKET SNAPSHOT: U.S. Stocks Churn; Coke Weighs On Dow, Nasdaq...
02/18/201411:32:36MARKET SNAPSHOT: U.S. Stock Gains Muted By Data; Coke Weighs...
02/18/201411:04:34MARKET SNAPSHOT: U.S. Stocks Edge Lower After Weak Data
02/18/201410:16:54MARKET SNAPSHOT: U.S. Stocks Edge Higher; Manufacturing Data...
01/21/201417:07:35MARKET SNAPSHOT: U.S. Stocks Close Higher; Earnings Misses Drag...
01/21/201412:37:10MARKET SNAPSHOT: U.S. Stocks Rise On China; J&J Drags On Dow
01/08/201416:40:12MARKET SNAPSHOT: U.S. Stocks End Lower After Fed Minutes
01/08/201414:47:17MARKET SNAPSHOT: U.S. Stocks Hold Losses After Fed Minutes
01/08/201412:31:37MARKET SNAPSHOT: U.S. Stocks Seesaw Ahead Of Fed Minutes
01/08/201410:18:10MARKET SNAPSHOT: U.S. Stocks Drop Ahead Of Fed Minutes
12/02/201315:08:00Forest Labs Unveils Restructuring
11/15/201308:22:25Janus Capital Management 3Q 13F: Largest Purchases -2-
11/15/201308:22:24Janus Capital Management 3Q 13F: Largest Purchases
11/15/201308:10:03Icahn Associates Corp. 3Q 13F: Holdings As Of Sep 30

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