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Actionable news in TEVA: TEVA PHARMACEUTICAL INDUSTRIES LIMITED AMERICAN DEPOSITARY SHARES,

Teva Stock Drops After Patent Invalidated

NEW YORK (TheStreet) -- Shares of Teva Pharmaceuticals (TEVA) were falling 5.24 to $50.41 in late-afternoon trading on Wednesday after the U.S. Patent Office's Patent Trial and Appeal Board said that certain aspects of its multiple sclerosis drug Copaxone's patent are invalid.

Bernstein expects that the rest of the patents supporting Copaxone will ultimately be invalidated as well, according to CNBC.

Teva is an Israeli pharmaceutical...


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