Abbot Labs (ABT) To Transfer TriCor Rights to Teva Pharma (TEVA) as Soon as 2011

November 30, 2009 2:48 PM EST

Abbot Labs (NYSE: ABT) and Laboratories Fournier SA may give rights for cholesterol fighter TriCor to Teva Pharmaceutical Labs (NASDAQ: TEVA).

An 8-K was filed with the U.S. Securities and Exchange Commission indicating the transfer of intellectual property rights no sooner than March 28, 2011. Teva may not gain those rights until July 12, 2012 under certain circumstances, the filing reports.


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