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Eon shares peak on GSK generic approval, reports strong third quarter.

Publication: Pharma Marketletter
Publication Date: 01-DEC-03
Format: Online - approximately 464 words
Delivery: Immediate Online Access
Full Article Title: Eon shares peak on GSK generic approval, reports strong third quarter.(Eon Pharmaceuticals)

Article Excerpt
Shares in US generics specialist Eon Pharmaceuticals leapt to an all-time high on November 26, following news that the Food and Drug Administration had approved its copy-cat version of GlaxoSmithKline's blockbuster antidepressant Wellbutrin SR (bupropion).

Eon said that it would begin shipments of the product immediately, in a move which took the market by suprise, as many analysts and investors had not expected generic competition to the GSK...

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