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One Eleven Interactive, Inc Pharmaceuticals Teva Pharma shares up on Nasdaq

Teva Pharma shares up on Nasdaq



VANASA, Fla.

— Teva Pharmaceuticals Inc. has added to its gains as its stock gained on Nascent Pharmaceuticals Corp. after the two companies announced a tentative merger.

Teva shares rose 1.8% to $15.35.

The Nascent shares rose 4.5%.

Nascent shares gained 1.2% to 74 cents.

Teva shares gained 4.4%.

Nascommercials Inc., the parent of Teva, also gained on Wednesday as it reported fourth-quarter revenue and earnings.

The combined company, which includes Teva’s existing drugs and products, is expected to have revenue of $6.6 billion, according to its website.

The Nasdaq composite index of drug companies surged 0.7% to 6,942.02.

The S&P 500 gained 0.6% to 2,984.65.

The Dow Jones industrial average rose 0.3% to 20,823.07.

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