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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. (NYSE: TEVA) has published an in vitro study in Cephalalgia examining the differences in mechanisms between various CGRP-targeting drugs. The study indicates that AJOVY (fremanezumab) selectively targets the CGRP ligand, while other therapies may bind to multiple receptors, potentially leading to off-target effects. The research highlights significant biological variances in targeting CGRP ligands versus receptors, though clinical implications remain uncertain. AJOVY is the first long-acting anti-CGRP injection approved in the U.S. and EU for migraine prevention.
Teva Pharmaceutical Industries Ltd. reported Q4 and FY 2020 results, with Q4 revenues at $4.5 billion and FY 2020 revenues at $16.7 billion. Key highlights include non-GAAP EPS of $0.68 for Q4 and $2.57 for FY 2020. The company anticipates 2021 revenue between $16.4 billion and $16.8 billion, with non-GAAP EPS projected between $2.50 and $2.70. Despite experiencing a 1% revenue decline from 2019, gross profit increased by 3%, attributed to higher sales from AUSTEDO and AJOVY. Teva also reported cash flow from operations of $1.216 billion in 2020.
Teva Pharmaceuticals USA has launched a generic version of NuvaRing (etonogestrel and ethinyl estradiol vaginal ring) in the U.S. This AB-rated and bioequivalent contraceptive is now part of Teva’s extensive generic portfolio, enhancing access to women's health options. Teva currently offers over 550 FDA-approved generic medicines and leads in first-to-file opportunities with more than 100 pending in the U.S. The annual sales for etonogestrel and ethinyl estradiol products exceed $837 million, highlighting the market potential for this generic launch.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) will announce its fourth quarter and full year 2020 financial results on February 10, 2021, at 7:00 a.m. ET. Following the release, a conference call will occur at 8:00 a.m. ET, with access numbers provided for participants. The call can also be streamed live via Teva's website. The company emphasizes its century-long commitment to medicine development, with over 3,500 products and a vast supply chain serving about 200 million people globally.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) has announced that President & CEO Kåre Schultz will present at the 39th Annual J.P. Morgan Healthcare Conference on January 13, 2021, at 8:20 A.M. Eastern Time. Investors can access the live webcast via Teva’s Investor Relations website. An archived version will be available one hour post-session. Teva is a global leader in generic and specialty medicines, with over 3,500 products. Approximately 200 million people rely on Teva medicines daily, supported by a complex supply chain.
Teva Pharmaceuticals and MedinCell announced positive results from the RISE study, a Phase 3 trial of TV-46000/mdc-IRM, an extended-release injectable for schizophrenia. Patients receiving the treatment experienced a statistically significant delay in relapse compared to placebo, with reductions of 80.0% and 62.5% for monthly and bi-monthly doses, respectively (p<0.0001). No new safety concerns arose. Teva plans to continue leading development and regulatory processes for commercialization, while MedinCell will receive milestones and royalties.
Teva Respiratory, LLC is collaborating with Amazon Web Services (AWS) and Onica to create a cloud-based Digital Health Platform. This platform will support the FDA-approved Digihaler® inhalers, which feature built-in sensors and Bluetooth technology to track inhaler usage. The system aims to enhance patient-care provider communication and optimize treatment decisions. The platform's cloud hosting will provide scalability and security, facilitating easy access to inhaler event data for patients and healthcare providers. The Digihaler portfolio is now commercially available with FDA approval.
Teva Pharmaceutical Industries Ltd. announced results from a post hoc analysis of a long-term study on AJOVY® (fremanezumab-vfrm) for chronic and episodic migraine treatment. The analysis involved 1,043 patients, comparing migraine days during different dosing regimens. Findings showed no significant variation in migraine days between initial and final weeks of dosing. The mean weekly migraine days were 4.0 for chronic migraine and 2.3 for episodic migraine at baseline. No new safety signals were identified, and AJOVY remains the only long-acting anti-CGRP injection approved for both quarterly and monthly dosing.
Teva Pharmaceuticals USA has launched the FDA-approved generic versions of TRUVADA® and ATRIPLA® tablets, marking a significant step in increasing access to HIV treatments. These generics complement Teva's portfolio of over 10 HIV-related medications on the WHO's Essential Medicines list. The new generics provide vital options for the 1.2 million individuals living with HIV-1 in the U.S., as well as addressing the global shortfall of 12.6 million people without access to treatment. The wholesale acquisition cost is set at $48.51 per tablet for Emtricitabine/Tenofovir and $78.86 for the combination tablet.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) will release its third quarter financial results on November 5, 2020, at 7:00 a.m. ET. A conference call and live webcast will follow at 8:00 a.m. ET. Participants can join by dialing specified numbers, with a passcode of 7275239. A replay will be available within 24 hours. Teva is a global leader in generic and specialty medicines with over 3,500 products, servicing around 200 million daily users worldwide. The company emphasizes that this release may include forward-looking statements subject to risks and uncertainties.
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