NEW YORK (TheStreet) -- Teva Pharmaceutical's ADR (TEVA - Get Report) continues to benefit from the delay in FDA approval of a generic version of its top-selling multiple sclerosis drug Copaxone. The approval delay has given Teva more time to switch patients to a new, three-times-per-week version of the drug.
A low-cost version of Copaxone will be approved eventually, and bulls and bears argue over how much of an impact this will have on the stock's valuation.
At Tuesday's close at $54.95, shares of Teva are up 37% for the year and just short of the 52-week high of $55.24. Teva reports second-quarter earnings on July 31. Here's what to listen for.
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