The Miami Entrepreneur

: Axsome’s stock falls after disclosing Teva’s plans to market generic Auvelity

Read Time:30 Second

Shares of Axsome Therapeutics Inc. AXSM tumbled about 10.0% in premarket trading on Monday after the company said in a securities filing that Teva Pharmaceutical Industries Ltd. TEVA is seeking approval from the Food and Drug Administration to market a generic version of Auvelity, Axsome’s depression treatment. Axsome’s stock has gained 95.8% over the past year, while the S&P 500 SPX declined 7.6%. Item 8.01 Other Events.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post 5 things to know before the stock market opens Monday
Next post : Canada’s Mdf Commerce reduces work force by 19% with job cuts, sale of unit