NEW YORK (TheStreet) -- Shares of Teva Pharmaceuticals (TEVA) are higher by 6.29% to 52.56, as the U.S. Supreme Court today decided that it will hear an appeal filed by the Israel-based pharmaceutical and drug company that develops, produces and markets generic drugs in all treatment categories.
The company is in a patent fight over its best selling multiple sclerosis drug Copaxone, a move that could see generic manufacturers steer away from introducing cheaper versions onto the market as soon as this May.
Copaxone is a branded drug of Teva's that makes up some 20% of its sales and about 50% of profits.
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TheStreet Ratings team rates TEVA PHARMACEUTICALS as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate TEVA PHARMACEUTICALS (TEVA) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows: