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Teva Emerges From Restructuring Ready To Grow

Captures 12%-15% Rituximab Share In US With Truxima Biosimilar

 
• By Dave Wallace

Despite seeing an 8% drop in global turnover in 2019, an upbeat Teva says the completion of its restructuring plan has positioned the company to increase its turnover through newly-launched products – including biosimilars, brands and new generics – as well as improve its profit margins through manufacturing optimization.

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Teva has emerged from years of restructuring ready to grow • Source: Shutterstock

Teva says the completion of its restructuring plan has put the firm in a position to increase its turnover through sales of newly-launched products – including biosimilars, brands and new generic launches – as well as to improve its profit margins through continued optimization of its manufacturing operations.

The Israeli company saw its overall sales drop by 8% to $16.887bn in 2019 – translating to a 5% constant-currency...

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