NEW YORK Feb 13 Teva Pharmaceutical Industries
Ltd may face legal losses of up to $2.07 billion
resolving a case related to its sale of a generic version of a
Pfizer Inc drug Protonix.
Teva said in a regulatory filing that it recorded a
provision of $670 million in its financial statements for this
matter because of a "legal development in the third quarter of
2012 in an unrelated case" pertaining to one of its patent
It estimated that "the ultimate resolution of this matter
could result in a loss of up to $1.4 billion in excess of the
amount accrued," in its annual report filed at the Securities
and Exchange Commission on Feb. 12.
Teva said earlier this month that it expects 2013 revenue of
$19.5 billion to $20.5 billion.