Discontinuing Propofol

[i_need YoU]

You are not allowed to view links. Register or Login



10:27 AM Eastern Daylight Time, 05/28/2010 (MidnightTrader) — Teva Pharmaceutical Industries Ltd. (TEVA) opened near even, but has been moving lower with the market after announcing this morning that it will end production of propofol, the powerful sedative that caused the death of pop singer Michael Jackson.

Shares opened at $55.68 and are down 1.33% at $54.96, a penny off its session low.

Teva gave no reason for the move, but it could be related to a spate of lawsuits, numbering 250 or more related to the drug, which is supposed to be confined to a hospital operating rooms.

AstraZeneca PLC (AZN) makes Divipran, the brand name drug. Its shares are up 0.69%.

Price: 54.96, Change: -0.74, Percent Change: -1.33

[voiceforthesilent]

Wow - interesting. I was just reading this on the Internet. I didn't realize there were a bunch of lawsuits against them. Hmm...

[loyalfan]

way to go micheal.........you are getting the "job done".......genius....sheer genius....xxxx

[itsall4luv]

I don't think this is a coincidence that this action is occuring now.  I think we're getting closer and closer. Piece by piece!

[White_Orchid]

Edit

[Stranger In Chi-town]

Heyyy! That's great news! WHOO!

[darkchild]

I don't think this is a coincidence that this action is occuring now.  I think we're getting closer and closer. Piece by piece!

That is correct.  To me, there are no coincidences in the universe.  MJ is exposing the truth to the world.  I really believe that we are in home stretch.  That is right, piece by piece.  Great post, itsall4luv! God bless you!

[Game Player]

Very interesting. I noticed a lot of doc's were complaining that they were having to constantly talk about propofol being safe to calm down their patients who would be taking it for surgery.