Shares in Israeli pharmaceutical giant Teva drop by more than 11%

May 12, 2019 10:48
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Breaking news. (photo credit: JPOST STAFF)

Shares in Israeli pharmaceutical giant Teva dropped by more than 11% in early trading on the Tel Aviv Stock Exchange on Sunday morning.

As of 10:22 a.m., shares had fallen from a pre-weekend closing price of NIS 52.25 to NIS 46.45.The company is currently the subject of a massive lawsuit in the US for an alleged generic drug price-fixing scheme, filed on Friday by prosecutors from 44 US states.

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