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

Teva (TEVA) Stock Up, Allergen Deal Receives Clearance

NEW YORK (TheStreet) -- Shares of Teva Pharamaceuticals (TEVA) are advancing 0.24% to $55.28 this morning after the Israeli pharmaceuticals company received clearance from the Federal Trade Commission to purchase Allergan's (AGN) generics business.

Teva will divest 79 generic drugs to 11 rival firms as part of the agreement, marking the largest ever drug divestiture order in an FTC pharmaceutical merger, Reuters reports. Products being sold include antibiotics, weight-loss drugs and oral contraceptives, among others.

"The FTC's settlement safeguards the competitive availability of these...


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