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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 Pharmaceutical Industries Ltd. (TEVA) reported Q1 2021 revenues of $3,982 million, a 9% decline from Q1 2020. Profitability improved, with net debt reduced to $23.2 billion. Key products like Truxima® and AUSTEDO® showed growth, while COPAXONE revenues fell significantly in both North America and Europe. GAAP net income increased to $77 million, with EPS at $0.07. However, non-GAAP net income dropped to $699 million and diluted EPS to $0.63, reflecting a 12% decrease in adjusted EBITDA. Teva maintains a financial leverage of 69%.
Teva Pharmaceuticals announced four new posters on long-term analyses of AUSTEDO (deutetrabenazine) at the 2021 American Psychiatric Association Annual Meeting occurring May 1-3, 2021. These studies focus on long-term efficacy, safety, and quality of life improvements in patients with tardive dyskinesia. Notable findings from pivotal trials and a three-year open-label study will be shared, highlighting patient-centered outcomes. Teva aims to enhance understanding of mental health challenges and the role of AUSTEDO in treatment.
Teva Pharmaceuticals has launched a 1000 mg generic version of Casana® (mesalamine) suppository for treating active ulcerative proctitis in the U.S. This medication addresses the needs of approximately 1 million individuals affected by ulcerative colitis. Teva holds a prominent position in the generics market, with around 550 approved products and 100 pending generic applications. Annual sales of mesalamine suppositories exceed $74 million in the U.S. This release underscores Teva's commitment to providing affordable treatment options.
Teva Pharmaceuticals announced new data on AJOVY (fremanezumab-vfrm) at the 2021 AAN Virtual Annual Meeting. The data includes 17 posters spanning long-term response in patients who initially did not respond to treatment and real-world treatment patterns. Approximately 50% of inadequate responders achieved a 50% reduction in monthly migraine days by month 15. Additionally, the study demonstrated significant reduction in acute medication claims associated with AJOVY, indicating improved treatment adherence. AJOVY remains the only long-acting anti-CGRP subcutaneous injection approved for migraine prevention in adults.
Teva Pharmaceuticals USA announced 19 presentations at the 2021 American Academy of Neurology (AAN) Virtual Annual Meeting from April 17-22. These include data on AJOVY® (fremanezumab) and AUSTEDO® (deutetrabenazine). The findings emphasize AUSTEDO's safety in treating tardive dyskinesia and Huntington's disease, while AJOVY's data highlight long-term treatment efficacy. Denisa Hurtukova, VP of North America Medical Affairs, stated the commitment to enhancing patient lives with informed treatment decisions.
Teva Canada has launched a new autoinjector for AJOVY® (fremanezumab), enhancing the preventive treatment of migraines for adults experiencing at least four migraine days monthly. Previously available only in a prefilled syringe, AJOVY® now offers two latex-free formats: an autoinjector and a syringe, with flexible dosing options (225 mg monthly or 675 mg quarterly). This positions AJOVY® as the first anti-CGRP drug in Canada with multiple delivery methods. The device features a button-free mechanism and is designed for one-time use, supporting patients' needs for choice in migraine management.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) will release its financial results for Q1 2021 on April 28, 2021, at 7:00 a.m. ET. A conference call and live webcast will follow at 8:00 a.m. ET. Participants can join via specific dial-in numbers or through the company's website. Teva, a leader in generic and specialty medicines, has a diverse portfolio of over 3,500 products, serving around 200 million people globally. The company cautions that forward-looking statements in the upcoming call may involve risks that could affect future performance.
Teva Canada has enhanced its Caregiver-Friendly Pharmacy (CFP) program by introducing new mental health support resources for caregivers, recognizing the pandemic's toll on them. Launched on National Caregiver Day, these resources underscore the pivotal role of Canada's eight million unpaid caregivers. Teva's research highlights that 43% of the global population identifies as caregivers, yet many lack adequate support. Key offerings include a partnership with Huddol for a resilience-building class and a 30-day free trial of the Huddol Journeys App, aiming to empower caregivers in their challenging roles.
Teva Pharmaceuticals USA has launched the first generic version of AZOPT (brinzolamide ophthalmic suspension) 1%, approved by the FDA to treat ocular hypertension and open-angle glaucoma. This product provides patients with an affordable treatment option, with annual U.S. sales over $184 million. Teva holds the largest FDA-approved generic portfolio, with nearly 550 products available. This launch demonstrates Teva's commitment to expanding access to essential medicines while maintaining a leading position in the generics market.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) announced that CFO Eli Kalif will present at the J.P. Morgan 2021 Global High Yield and Leveraged Finance Conference on March 2, 2021, at 8:30 a.m. Eastern Time. Investors can access a live webcast on Teva’s Investor Relations website. An archived presentation will be available shortly after the session. Teva, a leader in generic and specialty medicines, has over 3,500 products serving approximately 200 million people globally daily. For more information, visit www.tevapharm.com.
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