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Benzinga
84 days

Why Is Teva Stock Trading Higher On Tuesday?

1. Teva initiated IND-enabling studies for BD9 targeting TH2-driven inflammatory diseases. 2. BD9 could improve outcomes in atopic dermatitis and asthma treatment. 3. Teva's recent stock increased by 6.01% to $17.98. 4. FDA approved Teva's ALVO Selarsdi as interchangeable with JNJ's Stelara. 5. Teva settled patent litigation with Axsome related to Auvelity.

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FAQ

Why Bullish?

Teva's successful initiation of IND studies for BD9 demonstrates innovative potential, similar to past successes with other drug approvals.

How important is it?

The news directly affects Teva's pipeline and future earnings potential, impacting investor sentiment.

Why Long Term?

The IND-enabling studies represent a crucial step for future market launches, predicted outcomes affecting the stock long-term.

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