NuPathe receives counter offer from Teva topping Endo bid

9 January 2014

US drugmaker NuPathe (Nasdaq: PATH) – currently the subject of a takeover bid from USA-based Endo Health Solutions (Nasdaq: ENDP; The Pharma Letter December 16, 2013) –revealed in a filing with the Securities and Exchange Commission that it has recently received an unsolicited counter bid from Israel’s Teva Pharmaceutical Industries (NYSE: TEVA).

NuPathe’s share price jumped 37% to $4.43 in early trading yesterday (January 8), while Endo gained 4.9% to $69.66.

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