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Teva gains after FDA approves monthly schizophrenia injection

BUZZ-Teva gains after FDA approves monthly schizophrenia injection

** US-listed shares of Israel-based Teva Pharmaceutical Industries TEVA.TA, TEVA.N rise 5.8% to $41.52

** Drugmaker says the US FDA approved Weltruza, a once-monthly injection for adults with schizophrenia

** Teva expects to launch the drug in the United States in the coming weeks

** French biotech Medincell MEDCL.PA may receive up to $112 mln in additional development and commercial milestone payments, plus royalties on sales, under its agreement with Teva

** Including session moves, TEVA has been up 3.9% so far


(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))

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