Eagle Pharma Downgraded On 'Challenging' Hospital Environment

Injectable-drug specialist Eagle Pharmaceuticals (EGRX) stock was down sharply Monday after it got a downgrade from Mizuho saying that its thesis had played out.

Eagle stock jumped 28% on June 10 when Teva Pharmaceutical Industries (TEVA) won a patent case against several generic drugmakers, including Pfizer's (PFE) Hospira unit and Sagent Pharmaceuticals (SGNT), that were trying to launch generic versions of its blood-cancer drug Treanda. In January, Teva and Eagle launched a low-volume,...

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