Welcome to our dedicated page for Teva Pharmaceutical Industries American Depositary Shares news (Ticker: TEVA), a resource for investors and traders seeking the latest updates and insights on Teva Pharmaceutical Industries American Depositary Shares stock.
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 Pharmaceutical Industries Ltd. (NYSE: TEVA) announced eight abstracts on the use of AJOVY (fremanezumab-vfrm) for migraine treatment at the 2022 American Headache Society Annual Meeting in Denver, June 9-12. Key presentations include a late-breaking study on AJOVY's effectiveness with gepants for acute treatment and subgroup analysis from the Phase 3b FOCUS study. The findings aim to highlight AJOVY's impact on patients with specific migraine treatment needs, particularly during Migraine Awareness Month.
STADA is launching Hukyndra®, a high-concentration, citrate-free biosimilar to adalimumab, in select European markets including France, Germany, Finland, and Sweden. This launch follows approval from the European Commission and represents the first product from STADA's partnership with Alvotech. Hukyndra® is designed to enhance patient comfort with reduced injection-site pain. The biosimilar is approved for treating various inflammatory conditions, supporting patient access to vital therapies in Europe.
Teva Pharmaceuticals, in partnership with Direct Relief and the National Association of Free and Charitable Clinics, has launched a $2 million program to enhance access to mental health care for underserved populations. The initiative will provide funding over two years to free clinics while donating generic medications for anxiety and depression. Initially focused on Florida, New Jersey, and California, this program aims to address health equity issues exacerbated by the COVID-19 pandemic, supporting clinics to provide necessary resources and care for uninsured patients.
Teva Pharmaceuticals has settled opioid-related claims with the Attorney General of West Virginia, agreeing to pay $75 million over 15 years and provide $27 million in the generic version of Narcan over 10 years. The settlement also includes $8 million for attorney fees. While this settlement advances efforts to address opioid addiction, it is not an admission of liability. Teva is negotiating a national settlement to further address ongoing litigation.
Teva Pharmaceuticals has released new data highlighting the efficacy and safety of AUSTEDO in postmenopausal women with tardive dyskinesia (TD) over a three-year open-label extension study. AUSTEDO showed significant improvements in motor symptoms, with 68% of patients experiencing notable improvements by Week 145. Additionally, the psychological, social, and physical impacts of TD were examined through surveys of patients and caregivers, revealing considerable negative effects on daily life. These findings will be presented at the 2022 American Psychiatric Association Annual Meeting in New Orleans.
Teva Pharmaceutical has received approval from the UK Medicines & Healthcare Regulatory Agency (MHRA) for its biosimilar Ongavia® (ranibizumab), targeting wet age-related macular degeneration (AMD) and other eye diseases. Ongavia® is the first ophthalmology biosimilar to be commercialized by Teva in Europe. The approval allows treatment for visual impairment-related conditions, potentially enhancing patient access to affordable therapies. Teva's partnership with Bioeq AG aims to extend Ongavia®'s commercialization throughout Europe.
Teva Pharmaceuticals announced four data presentations regarding AUSTEDO (deutetrabenazine) and TV-46000, presented at the American Psychiatric Association Annual Meeting from May 21-25, 2022. Key studies include long-term safety and efficacy of AUSTEDO for tardive dyskinesia, and a new copolymer technology for TV-46000 targeting schizophrenia. Teva will also host educational sessions on mental health's social determinants and the clinical benefits of long-acting injectables in schizophrenia treatment. The data reflects Teva's commitment to addressing mental health needs.
Teva Pharmaceuticals announced findings from a clinical study on SABA use among asthma patients, presented at the ATS 2022 Annual Meeting. The study revealed significant SABA overuse, with nearly one-third of patients making over 138 inhalations in 12 weeks. Key findings indicated that 89% of patients exceeded the consensus threshold for SABA use, suggesting a potential risk for asthma exacerbation. The ProAir Digihaler digital inhaler was highlighted as a tool to help healthcare providers make informed treatment decisions based on real-time patient data.
Teva Canada Limited has announced the public formulary coverage for AJOVY® (fremanezumab) in several provinces including Ontario, British Columbia, Nova Scotia, New Brunswick, and Newfoundland, enhancing accessibility for migraine patients across Canada. AJOVY® is indicated for adults with at least four migraine days monthly. This development follows similar coverage announcements in Alberta, Saskatchewan, and Québec. The increased availability of AJOVY® is expected to improve the quality of life for many Canadians suffering from migraines.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) will present findings at the ATS 2022 Annual Meeting held from May 13-18, 2022, in San Francisco. These findings focus on the use of short-acting beta agonists (SABA) in asthma patients, utilizing data from the ProAir Digihaler. This analysis applies clinical usage thresholds from independent experts to objective patient data, marking the first such study of its kind. The research highlights the potential for digital inhalers to enhance asthma management and patient outcomes.
FAQ
What is the current stock price of Teva Pharmaceutical Industries American Depositary Shares (TEVA)?
What is the market cap of Teva Pharmaceutical Industries American Depositary Shares (TEVA)?
What does Teva Pharmaceutical Industries Limited specialize in?
Where is Teva headquartered?
What are some of Teva's key products?
In which regions does Teva operate?
How much of Teva's sales come from North America?
What therapeutic areas does Teva focus on?
What is Anda?
Does Teva offer contract manufacturing services?
What role does Teva play in the U.S. generic prescription market?