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RDY - Teva hits 19-year low on continued pricing pressure
Dr. Reddy's Laboratories Ltd
Teva Pharmaceutical Industries (TEVA-4.2%) slumps on modestly higher volume. Shares are now exchanging hands at the lowest prices in 19 years. The stock continues to fight pricing headwinds, the continued erosion of Copaxone sales (down 56% in Q1) and its potential exposure from opioid litigation.
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