Teva Pharmaceuticals' Request to Delay Paragard Lawsuit Trial Denied by Judge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
0mins
Source: Benzinga
- Trial Progress: A Georgia federal judge denied Teva Pharmaceuticals' request to delay the Paragard IUD lawsuit trial, ruling that it will proceed on January 20, 2024, marking the first trial in approximately 3,800 lawsuits, which could significantly impact the company's future legal liabilities and financial outlook.
- Litigation Context: Plaintiffs allege that the Paragard device can fracture during removal, leading to injuries and fertility complications, while Teva argues that FDA approval should preempt state law claims, indicating the company's urgency in its legal strategy to appeal for dismissal of the claims.
- Compliance Issues: The judge expressed concern over Teva's five-year delay in updating Paragard's warning labels as mandated by the FDA in 2010, suggesting potential intentionality that could undermine the court's trust in Teva and affect the case's outcome, thereby increasing the company's legal risks.
- Market Reaction: Teva's stock fell 0.21% to $32.72 in the latest trading session, reflecting market concerns about the upcoming trial and its potential financial implications, which may lead to decreased investor confidence.
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Analyst Views on COO
Wall Street analysts forecast COO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COO is 90.33 USD with a low forecast of 73.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 80.480
Low
73.00
Averages
90.33
High
100.00
Current: 80.480
Low
73.00
Averages
90.33
High
100.00
About COO
The Cooper Companies, Inc. is a global medical device company. The Company operates in two business units: CooperVision and CooperSurgical. CooperVision segment is involved in the contact lens industry. CooperSurgical segment is involved in the fertility and women's health care market through its diversified portfolio of products and services, including fertility products and services, medical devices, cryostorage (such as cord blood and cord tissue storage) and contraception. CooperVision’s products include MyDay daily disposable, MyDay daily disposable toric, MyDay Energys, MyDay multifocal, Biofinity & Biofinity XR, Biofinity Energys. CooperSurgical’s portfolio includes INSORB, Lone Star, and the Doppler Blood Flow Monitor. It also offers a suite of single-use cordless surgical retractors with an integrated multi-light-emitting diode (LED) light source and dual smoke evacuation channels, and single-use surgical suction devices with an integrated, cordless radial LED light source.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Teva Pharmaceuticals' Request to Delay Paragard Lawsuit Trial Denied by Judge
- Trial Progress: A Georgia federal judge denied Teva Pharmaceuticals' request to delay the Paragard IUD lawsuit trial, ruling that it will proceed on January 20, 2024, marking the first trial in approximately 3,800 lawsuits, which could significantly impact the company's future legal liabilities and financial outlook.
- Litigation Context: Plaintiffs allege that the Paragard device can fracture during removal, leading to injuries and fertility complications, while Teva argues that FDA approval should preempt state law claims, indicating the company's urgency in its legal strategy to appeal for dismissal of the claims.
- Compliance Issues: The judge expressed concern over Teva's five-year delay in updating Paragard's warning labels as mandated by the FDA in 2010, suggesting potential intentionality that could undermine the court's trust in Teva and affect the case's outcome, thereby increasing the company's legal risks.
- Market Reaction: Teva's stock fell 0.21% to $32.72 in the latest trading session, reflecting market concerns about the upcoming trial and its potential financial implications, which may lead to decreased investor confidence.
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