Generic Drugs Are Rebounding Despite Teva, Mylan Free-Fall

Generic drug maker Mylan (MYL) continued its free-fall Friday while rival Teva Pharmaceuticals (TEVA) managed to briefly arrest its slide, but broader generics led by Eagle Pharmaceuticals (EGRX) defied the trend and spiked higher for the third straight day.

XAutoplay: On | OffIn afternoon trading on the stock market today, IBD's 17-company Generic Drugs industry group popped 3.3% to its highest point since Aug. 3, the day Teva reported second-quarter earnings and sales that missed, and cut...

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