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What: Momenta Pharmaceuticals
So what: A day after Momenta announced earnings of $0.70 a share, which beat estimates of $0.52 a share, Teva decided to rain on Momenta's parade. Teva management said it would be "deeply disappointed if we didn't get the approval this year" only a day after Momenta's management touted its solid position as the only generic version of Lovenox.
Now what: Teva did not announce a timeline for FDA approval, but the end of the year is fast approaching and Momenta won't be able to enjoy its lone generic status for long the way things are looking. Increased competition in generics may also put pressure on sanofi-aventis
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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