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home / news releases / TEVA - Endo: A Win In California But Equity Value Still A Question

TEVA - Endo: A Win In California But Equity Value Still A Question

Teva Pharmaceutical Industries Limited American Depositary Shares
  • California State Court hands Endo and other opioid producers a temporary win in liability trial.
  • Tentative ruling directs manufacturers to file a statement of decision within 30 days.
  • Ruling likely takes away major liability in the country's biggest state at least for a while.
  • Leverage remains too high, particularly with Vasostrict EBITDA at risk.
  • Bankruptcy is now likely off the table but struggle to see equity value.

For further details see:

Endo: A Win In California But Equity Value Still A Question
Stock Information
Company Name: Teva Pharmaceutical Industries Limited American Depositary Shares
Stock Symbol: TEVA
Market: NYSE
Website: tevapharm.com
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