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Teva Pharmaceutical Industries Limited (NASDAQ: TEVA) is a leading Israeli multinational pharmaceutical company headquartered in Tel Aviv, Israel. As the world's largest generic drug manufacturer, Teva plays a pivotal role in the global healthcare industry. The company derives approximately 50% of its sales from North America, contributing significantly to the total number of generic prescriptions in the United States.
Teva's extensive portfolio includes not only generic drugs but also active pharmaceutical ingredients (APIs) and proprietary pharmaceuticals. The company's operations are categorized into three main therapeutic areas:
- Central Nervous System (CNS): Featuring notable products such as Copaxone, Ajovy, and Austedo, Teva addresses critical CNS disorders with innovative treatments.
- Respiratory: Products like Qvar and ProAir contribute to Teva's robust respiratory medicine lineup, catering to patients with various respiratory conditions.
- Oncology: Teva's oncology portfolio includes groundbreaking medicines such as Truxima, Herzuma, and Bendeka/Treanda, providing essential treatments for cancer patients.
In addition to its pharmaceutical products, Teva is a major player in active pharmaceutical ingredients, offering contract manufacturing services and owning Anda, a U.S.-based distributor of generic and specialty drugs.
Teva's global presence extends beyond North America, with significant operations in Europe, Japan, Russia, and its home country, Israel. The company's strategic partnerships and innovations keep it at the forefront of the pharmaceutical industry. Recent developments include advancements in biosimilars and innovative treatments.
Financially, Teva continues to maintain a strong position, focusing on growth and resilience amidst market challenges. The company is committed to improving patient health worldwide by providing high-quality, affordable medicines.
Teva Pharmaceuticals and Sanofi presented new Phase 2b study results for duvakitug, their antibody treatment for ulcerative colitis (UC) and Crohn's disease (CD). In UC patients, duvakitug achieved clinical remission in 36% (450mg) and 48% (900mg) of cases versus 20% for placebo at week 14. For CD patients, endoscopic response was achieved in 26% (450mg) and 48% (900mg) compared to 13% on placebo.
The drug showed positive results in both advanced therapy-experienced and therapy-naïve patients across multiple endpoints. In UC, clinical response rates reached up to 81% (450mg), while CD patients showed endoscopic remission rates up to 26% (900mg). The treatment was generally well tolerated with no emergent safety signals. Phase 3 trials are anticipated to start in H2 2025.
Teva Pharmaceuticals and Alvotech have announced the U.S. availability of SELARSDI™ (ustekinumab-aekn), a biosimilar to Stelara®. The FDA approved SELARSDI in October 2024 for treating moderate to severe plaque psoriasis, active psoriatic arthritis, Crohn's disease, and ulcerative colitis in various age groups.
SELARSDI is the second biosimilar launched under the Teva-Alvotech partnership, which includes nine products. The FDA has granted provisional interchangeability determination with Stelara®, effective April 30, 2025. The drug is available in four presentations: 45 mg/0.5 mL and 90 mg/mL in prefilled syringes, 45 mg/0.5 mL in single-dose vials for subcutaneous injection, and 130 mg/26 mL for intravenous infusion.
This launch follows their first biosimilar, SIMLANDI®, approved in February 2024 and launched in May 2024. Under the partnership, Alvotech handles development and manufacturing, while Teva manages U.S. commercialization.
Teva Pharmaceutical Industries (NYSE and TASE: TEVA) has scheduled a conference call and webcast for February 24, 2025, at 8 am E.T. to discuss new data from duvakitug (anti-TL1A) Phase 2b positive results. The presentation will be made at the 20th Annual Congress of the European Crohn's and Colitis Organisation (ECCO).
The discussion will feature Eric Hughes, MD, PhD, Executive Vice President of Global R&D and Chief Medical Officer, along with external IBD key opinion leaders. Participants must pre-register to obtain call-in details. A webcast replay will be available within 24 hours on Teva's website.
Alvotech and Teva Pharmaceuticals announced that the FDA has accepted for review a Biologics License Application (BLA) for AVT06, a proposed biosimilar to Eylea® (aflibercept). The regulatory approval process is expected to complete in Q4 2025.
AVT06 is designed to treat eye disorders that can lead to vision loss or blindness. In January 2024, the companies reported positive top-line results from a confirmatory clinical study comparing AVT06 with Eylea®, meeting its primary endpoint and demonstrating therapeutic equivalence and comparable safety.
The companies are also developing AVT29, a biosimilar candidate for Eylea® HD (8 mg), with Teva holding U.S. commercialization rights. Eylea® sales in the U.S. reached $4.77 billion in 2024, covering treatments for conditions including wet Age-related Macular Degeneration, macular edema, and diabetic retinopathy.
Teva Pharmaceutical reported strong financial results for Q4 and FY 2024, marking its second consecutive year of growth. The company achieved revenues of $16.5 billion in 2024, representing a 6% increase in local currency terms compared to 2023.
Key highlights include AUSTEDO exceeding $1.6 billion in revenues, AJOVY reaching $507 million (18% growth), and UZEDY achieving $117 million. The generics business showed robust growth across all segments: 15% in the U.S., 6% in Europe, and 15% in International Markets.
For 2025, Teva projects revenues of $16.8-$17.4 billion, with non-GAAP EPS of $2.35-$2.65. The company continues to execute its Pivot to Growth strategy, expanding its biosimilar pipeline to 18 assets and advancing key innovative products. However, the company reported a GAAP loss per share of $1.45 for FY 2024 and $0.19 for Q4 2024.
Alvotech and Teva Pharmaceuticals announced that the FDA has accepted for review Biologics License Applications (BLA) for AVT05, their proposed biosimilar to Simponi® and Simponi Aria® (golimumab). These are the first U.S. BLA filing acceptances for a golimumab biosimilar candidate, with FDA review expected to complete in Q4 2025.
The announcement follows positive top-line results from a confirmatory clinical study in April 2024 comparing AVT05 with Simponi® in rheumatoid arthritis patients, and successful pharmacokinetic study results in November 2023. This development is part of Alvotech and Teva's strategic partnership, which now includes nine biosimilar products. The partnership has already achieved FDA approval for two other biosimilars: SIMLANDI® (adalimumab-ryvk) in February 2024 and SELARSDITM (ustekinumab-aekn) in April 2024.
Teva Pharmaceuticals has announced a strategic collaboration with Klinge Biopharma and Formycon AG for the semi-exclusive commercialization of FYB203, a biosimilar candidate to Eylea® (aflibercept) in Europe (excluding Italy) and Israel. The product will be marketed under the brand name AHZANTIVE®, pending regulatory approval.
The collaboration leverages Teva's commercial experience in biosimilars and distribution network across Europe, combined with Formycon's expertise in biosimilar development. Under the agreement, Teva will lead commercialization efforts, while Klinge will receive milestone payments and revenue sharing.
The EMA's CHMP issued a positive recommendation for FYB203 in November 2024, with European Commission's decision expected in January 2025. The FDA has already approved the biosimilar in June 2024. Eylea®, used to treat neovascular age-related macular degeneration and other retinal diseases, generated global sales of approximately $9 billion in 2023, including $2.9 billion in the European market.
Samsung Bioepis and Teva have announced a strategic partnership for the commercialization of EPYSQLI® (eculizumab-aagh) in the United States. Under the agreement, Samsung Bioepis will handle development, regulatory registration, manufacturing, and supply, while Teva will manage U.S. commercialization.
EPYSQLI, a biosimilar to Soliris®, is approved for treating rare diseases including paroxysmal nocturnal hemoglobinuria (PNH), atypical hemolytic uremic syndrome (aHUS), and generalized myasthenia gravis (gMG). The FDA approved EPYSQLI in July 2024 for PNH and aHUS, with gMG indication added in November 2024.
The partnership aligns with Teva's Pivot to Growth strategy and expands its biosimilar portfolio to 18 assets. EPYSQLI is already commercially available in Europe since July 2023 and Korea since April 2024.
Teva Pharmaceutical Industries (NYSE and TASE: TEVA) has announced that their President and CEO, Richard Francis, will deliver a presentation at the 43rd Annual J.P. Morgan Healthcare Conference. The presentation is scheduled for Monday, January 13, 2025, at 8:15 A.M. Pacific Time (11:15 A.M. Eastern Time).
Interested parties can access a live webcast of the presentation through Teva's Investor Relations website. An archived version will be made available within 24 hours after the live discussion concludes.
Teva Pharmaceutical Industries (NYSE and TASE: TEVA) has announced it will release its fourth quarter and full year 2024 financial results along with 2025 financial guidance on Wednesday, January 29, 2025, at 7:00 a.m. ET. The company will host a conference call and live webcast at 8:00 a.m. ET on the same day. Participants need to register in advance to obtain call-in details. A webcast replay will be available within 24 hours after the call on Teva's investor relations website.
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