AJOVY is FDA-approved for preventing episodic migraines in children and adolescents, showing significant efficacy and safety.
Quiver AI Summary
Teva Pharmaceuticals has announced the FDA approval of AJOVY (fremanezumab) for the preventive treatment of episodic migraine in pediatric patients aged 6-17 years who weigh at least 45 kilograms (99 pounds), making it the first calcitonin gene-related peptide (CGRP) antagonist treatment for both children and adults. The approval is based on positive results from the SPACE trial, which demonstrated AJOVY's efficacy in significantly reducing monthly migraine and headache days compared to a placebo over 12 weeks in children with episodic migraine. The trial included 237 participants and confirmed AJOVY's consistent safety profile, comparable to that seen in adult studies. This advancement addresses the substantial need for effective migraine prevention in the younger population, as 1 in 10 children and adolescents experiences migraines, impacting their daily activities and quality of life.
Potential Positives
- AJOVY is the first and only CGRP antagonist approved for preventive treatment of episodic migraine in both pediatric and adult patients, expanding its market reach.
- The SPACE trial demonstrated significant efficacy in reducing monthly migraine days and headache days in pediatric patients, underscoring the medication's effectiveness.
- The publication of the SPACE trial results in the New England Journal of Medicine adds credibility to AJOVY's clinical profile and supports its commercial positioning.
- Approval from the FDA not only validates AJOVY’s safety and efficacy but also addresses a critical need for pediatric migraine treatments, potentially improving patient outcomes and family quality of life.
Potential Negatives
- The press release highlights the potential risks associated with AJOVY, including serious hypersensitivity reactions and new-onset hypertension, which could deter potential users or prescribers from selecting the medication.
- Despite the positive trial results, the limited age and weight indications for AJOVY may restrict its market potential, potentially limiting revenue streams for Teva Pharmaceuticals.
- The need for continuous monitoring for significant adverse reactions, including Raynaud's phenomenon, may imply a higher burden of ongoing patient management and liability for healthcare providers using AJOVY.
FAQ
What is AJOVY approved for?
AJOVY is approved for the preventive treatment of episodic migraine in adults and pediatric patients aged 6-17 years who weigh at least 45 kg.
What were the findings of the SPACE trial?
The SPACE trial found that AJOVY significantly reduced monthly migraine and headache days in pediatric patients compared to placebo.
Who conducted the SPACE trial?
The SPACE trial was conducted by a team of researchers and published in the New England Journal of Medicine, showcasing AJOVY's efficacy and safety.
What is the mechanism of AJOVY?
AJOVY is a calcitonin gene-related peptide (CGRP) antagonist, which helps in preventing migraine attacks by blocking migraine pathways.
How is AJOVY administered?
AJOVY is administered through monthly subcutaneous injections and can be given by a healthcare professional or at home by a patient aged 13 or older.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TEVA Insider Trading Activity
$TEVA insiders have traded $TEVA stock on the open market 12 times in the past 6 months. Of those trades, 1 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $TEVA stock by insiders over the last 6 months:
- ROBERTO MIGNONE has made 0 purchases and 3 sales selling 327,400 shares for an estimated $8,464,030.
- MARK SABAG (See "Remarks") has made 0 purchases and 2 sales selling 216,892 shares for an estimated $6,230,754.
- RICHARD DANIELL (Exec. VP, European Commercial) sold 115,468 shares for an estimated $3,311,125
- ERIC A HUGHES (See "Remarks") sold 52,742 shares for an estimated $799,436
- CHRISTINE FOX (EVP, Head of U.S. Commercial) sold 28,229 shares for an estimated $699,523
- AMIR WEISS (Chief Accounting Officer) has made 0 purchases and 2 sales selling 24,600 shares for an estimated $672,068.
- PLACID JOVER (See "Remarks") sold 6,053 shares for an estimated $91,748
- DAVID R. MCAVOY (EVP, Chief Legal Officer) purchased 1,113 shares for an estimated $20,988
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TEVA Hedge Fund Activity
We have seen 253 institutional investors add shares of $TEVA stock to their portfolio, and 237 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 33,494,254 shares (-57.6%) from their portfolio in Q3 2025, for an estimated $676,583,930
- ION ASSET MANAGEMENT LTD. removed 32,837,875 shares (-85.6%) from their portfolio in Q3 2025, for an estimated $663,325,075
- VIKING GLOBAL INVESTORS LP removed 9,149,214 shares (-78.3%) from their portfolio in Q3 2025, for an estimated $184,814,122
- SOUNDWATCH CAPITAL LLC removed 8,564,012 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $172,993,042
- ALTSHULER SHAHAM LTD added 7,443,267 shares (+871.4%) to their portfolio in Q3 2025, for an estimated $150,353,993
- WELLINGTON MANAGEMENT GROUP LLP added 6,878,304 shares (+39228.4%) to their portfolio in Q3 2025, for an estimated $138,941,740
- ASSENAGON ASSET MANAGEMENT S.A. removed 6,155,608 shares (-73.9%) from their portfolio in Q4 2025, for an estimated $192,116,525
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TEVA Analyst Ratings
Wall Street analysts have issued reports on $TEVA in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Jefferies issued a "Buy" rating on 01/06/2026
- Piper Sandler issued a "Overweight" rating on 12/22/2025
- Goldman Sachs issued a "Buy" rating on 12/19/2025
- JP Morgan issued a "Overweight" rating on 12/16/2025
- UBS issued a "Buy" rating on 09/24/2025
To track analyst ratings and price targets for $TEVA, check out Quiver Quantitative's $TEVA forecast page.
$TEVA Price Targets
Multiple analysts have issued price targets for $TEVA recently. We have seen 8 analysts offer price targets for $TEVA in the last 6 months, with a median target of $35.0.
Here are some recent targets:
- Glen Santangelo from Jefferies set a target price of $40.0 on 01/06/2026
- David Amsellem from Piper Sandler set a target price of $40.0 on 12/22/2025
- Matt Dellatorre from Goldman Sachs set a target price of $35.0 on 12/19/2025
- Chris Schott from JP Morgan set a target price of $35.0 on 12/16/2025
- Jason Gerberry from B of A Securities set a target price of $32.0 on 12/09/2025
- Glen Santangelo from Barclays set a target price of $35.0 on 12/09/2025
- Louise Chen from Scotiabank set a target price of $35.0 on 12/05/2025
Full Release
- AJOVY demonstrated efficacy and a consistent safety profile in the SPACE trial, making it the first and only calcitonin gene-related peptide (CGRP) antagonist treatment option for both pediatric and adult patients. 1 ,2
- Results from the SPACE trial found AJOVY significantly reduced monthly migraine days and monthly headache days versus placebo over a 12-week period in pediatric patients with episodic migraine. 1
-
The U.S. Food and Drug Administration (FDA) approved AJOVY in August 2025 for the preventive treatment of episodic migraine in children and adolescents aged 6-17 years who weigh 45 kilograms (99 pounds) or more, building on its initial approval for the preventive treatment of migraine in adults.
2
PARSIPPANY, N.J. and TEL AVIV, Israel, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA), today announced that the New England Journal of Medicine (NEJM) has published pivotal Phase 3 data on AJOVY, highlighting its efficacy and safety in children and adolescents with episodic migraine. The data from the SPACE study supported the FDA approval of AJOVY for the preventive treatment of episodic migraine in pediatric patients aged 6-17 years weighing 45 kilograms (99 pounds) or more, making it the first and only calcitonin gene-related peptide (CGRP) antagonist indicated for preventive treatment of episodic migraine in pediatric patients and migraine in adults. 1,2
"With an estimated 1 in 10 children and adolescents in the U.S. living with migraine, the need for effective preventive options is critical as this condition can disrupt daily life for patients and families," said Eric Hughes, M.D., Ph.D., Executive Vice President, Global R&D and Chief Medical Officer at Teva. 3 "The SPACE trial results published in the New England Journal of Medicine add to the growing body of evidence supporting AJOVY and build on its established use in adults. Teva is proud to be leading the charge and continuing to innovate for the migraine community."
In the SPACE trial, AJOVY reduced monthly migraine days (MMD) by 2.5 days compared to 1.4 days with placebo (difference: 1.1 days; P = 0.02) and reduced monthly headache days (MHD) of at least moderate severity by 2.6 days versus 1.5 days (difference: 1.1 days; P = 0.02). A significantly higher proportion of participants achieved a ≥ 50% reduction in MMD (47.2%) with AJOVY compared to placebo (27.0%) ( P = 0.002). No new safety signals were identified, and the safety profile remained consistent with that observed in adult studies. 1
The 3-month, randomized, placebo-controlled SPACE study enrolled 237 children and adolescents aged 6-17 years with episodic migraine. Participants were randomized to receive monthly subcutaneous injections of fremanezumab (120 mg for those weighing < 45 kg; 225 mg for those weighing ≥ 45 kg) or matched placebo. 1
"Helping to prevent migraine attacks in children and adolescents is critical to supporting their healthy development and education, including missed school days, disability and overall social well-being," said the study’s lead author, Andrew D. Hershey, M.D., Ph.D., and Endowed Chair and Director of Neurology at Cincinnati Children’s Hospital Medical Center. "The SPACE trial demonstrates that a CGRP-targeted preventive therapy like fremanezumab-vfrm (AJOVY) can significantly reduce the frequency of attacks of migraine in youth, giving physicians critical evidence to guide care for this underserved population."
For more information on the SPACE study results published online in the New England Journal of Medicine , click here .
About Migraine
Migraine attacks cause disabling pain, nausea, vomiting and sensitivities to light and sound, resulting in serious effects on the ability to complete daily tasks. 4 Migraine can cause significant disability in children and adolescents, leading to absence from school, impaired educational performance and missed social activities. 5
About SPACE
SPACE is a multicenter, randomized, double-blind, placebo-controlled, parallel-group study comparing the efficacy, safety and tolerability of subcutaneous administration of fremanezumab versus placebo over a 12-week period for the preventive treatment of episodic migraine in 237 pediatric patients aged 6 to 17 years.
About AJOVY
AJOVY is indicated for preventive treatment of migraine in adults and episodic migraine in children and adolescent patients aged 6-17 years who weigh 45 kilograms (99 pounds) or more. AJOVY is available as a 225 mg/1.5 mL single dose injection in a pre-filled autoinjector or in a pre-filled syringe. AJOVY can be administered either by a healthcare professional or at home by a patient 13 years of age or older or caregiver. No starting dose is required to begin treatment. For full prescribing information, visit https://www.ajovy.com/globalassets/ajovy/ajovy-pi.pdf
INDICATION AND USAGE
AJOVY is indicated for:
- the preventive treatment of migraine in adults, and
-
the preventive treatment of episodic migraine in pediatric patients who are 6 to 17 years of age and who weigh 45 kg or more.
IMPORTANT SAFETY INFORMATION
Contraindications: AJOVY is contraindicated in patients with serious hypersensitivity to fremanezumab-vfrm or to any of the excipients. Reactions have included anaphylaxis and angioedema.
Hypersensitivity Reactions: Hypersensitivity reactions, including rash, pruritus, drug hypersensitivity, and urticaria were reported with AJOVY in clinical trials. Most reactions were mild to moderate, but some led to discontinuation or required corticosteroid treatment. Most reactions were reported from within hours to one month after administration. Cases of anaphylaxis and angioedema have been reported in the postmarketing setting. If a hypersensitivity reaction occurs, consider discontinuing AJOVY and institute appropriate therapy .
Hypertension: Development of hypertension and worsening of pre-existing hypertension have been reported following the use of CGRP antagonists, including AJOVY, in the postmarketing setting.
Monitor patients treated with AJOVY for new-onset hypertension or worsening of pre-existing hypertension, and consider whether discontinuation of AJOVY is warranted .
Raynaud’s Phenomenon : Development of Raynaud’s phenomenon and recurrence or worsening of pre-existing Raynaud’s phenomenon have been reported in the postmarketing setting following the use of CGRP antagonists, including AJOVY. Many of the cases reported serious outcomes, including hospitalizations and disability, generally related to debilitating pain.
AJOVY should be discontinued if signs or symptoms of Raynaud’s phenomenon develop. Patients with a history of Raynaud’s phenomenon should be monitored for, and informed about the possibility of, worsening or recurrence of signs and symptoms.
Adverse Reactions: The most common adverse reactions in clinical trials (≥5% and greater than placebo) were injection site reactions.
Please click here for full U.S. Prescribing Information for AJOVY (fremanezumab-vfrm) injection.
About Teva
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is transforming into a leading innovative biopharmaceutical company, enabled by a world-class generics business. For over 120 years, Teva’s commitment has never wavered. From innovating in the fields of neuroscience and immunology to providing complex generic medicines, biosimilars and pharmacy brands worldwide, Teva is dedicated to addressing patients’ needs, now and in the future. At Teva, We Are All In For Better Health. To learn more about how, visit www.tevapharm.com .
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on management’s current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause our future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements. You can identify these forward-looking statements by the use of words such as “should,” “expect,” “anticipate,” “estimate,” “target,” “may,” “project,” “guidance,” “intend,” “plan,” “believe” and other words and terms of similar meaning and expression in connection with any discussion of future operating or financial performance. Important factors that could cause or contribute to such differences include risks relating to: our ability to successfully develop and commercialize AJOVY (fremanezumab-vfrm) injection for the prevention of episodic migraine in children and adolescents; our ability to successfully compete in the marketplace including our ability to develop and commercialize additional pharmaceutical products; our ability to successfully execute our Pivot to Growth strategy, including to expand our innovative and biosimilar medicines pipeline and profitably commercialize the innovative medicines and biosimilar portfolio, whether organically or through business development; and other factors discussed in this press release, in our Quarterly Report on Form 10-Q for the third quarter of 2025 and in our Annual Report on Form 10-K for the year ended December 31, 2024, including in the section captioned “Risk Factors.” Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements.
- Hershey, A. D., Szperka, C. L., Barbanti, P., Pozo‑Rosich, P., Bittigau, P., Barash, S., Bryson, J., Kessler, Y., Schwartz, Y. C., Campos, V. R., & Ning, X. (2026). Fremanezumab in Children and Adolescents with Episodic Migraine. New England Journal of Medicine .
- AJOVY (fremanezumab-vfrm) injection, for subcutaneous use. Current Prescribing Information. Parsippany, NJ. Teva Neuroscience, Inc.
- Al Khalili Y, Asuncion RMD, Chopra P. Migraine Headache in Childhood. [Updated 2023 Mar 4]. In: StatPearls [Internet]. Treasure Island (FL): StatPearls Publishing; 2025 Jan-. Available from: https://www.ncbi.nlm.nih.gov/books/NBK557813/
- Jaimie D Steinmetz, Katrin Seeher, Nicoline Schiess, Emma Nichols, Bochen Cao, Chiara Servili, Vanessa Cavallera, Christopher J L Murray, Kanyin Liane Ong, Valery L Feigin, Theo Vos, and Tarun Dua on behalf of the GBD network. Global, regional, and national burden of disorders affecting the nervous system, 1990–2021: a systematic analysis of the Global Burden of Disease Study 2021. Lancet Neurol. (in press).
-
Pediatric Migraine, An Update. Greene, Kaitlin. et al; Neurology clinics, Volume 37, Issue 4, 815-833. August 31, 2019.
https://doi.org/10.1016/j.ncl.2019.07.009
Teva Media Inquiries:
Teva Investor Relations Inquires