Francis Takes Stock Of Teva Ahead Of Revealing Fresh Strategy
Generics Uptick In Europe And Internationally Helps Offset North America Slide
As Teva prepares to unveil a fresh strategy under new CEO Richard Francis on 18 May, the company has delivered Q1 results along with an update on planned US launches for long-acting injectable risperidone as well as biosimilar adalimumab.
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Looking back over the second quarter of 2023, Generics Bulletin executive editor Dave Wallace picks out highlights from April to June that include strategic updates from some of the off-patent industry’s biggest players, several exclusive interviews, and the build-up to the second wave of biosimilar competition to Humira in the US.
Teva and Alvotech have struck a deal with Stelara originator Johnson & Johnson to secure a 21 February 2025 launch date for their AVT04 ustekinumab biosimilar in the US – just over seven weeks after rival Amgen is able to enter the market.
Teva has formally concluded its nationwide settlement agreement over opioids litigation in the US with all 50 states – including holdout Nevada – removing a significant legal overhang for the company.