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Teva Sees COVID Sales Correction

Takes Impairment On Japanese Venture And Bolsters Biosimilars Business

 
• By Dave Wallace

In a busy second quarter for Teva, a COVID-19 slump acted as a correction to the related boost in demand seen in the first quarter of 2020.

Balancing_Coins_Covid
A Q2 decline due to COVID-19 balanced out a spike in demand from Q1 • Source: Shutterstock

A slump in sales due to COVID-19, a significant reorientation of strategy in Japan, continued pressures over US investigations into price-fixing, a major biosimilars deal and a key new respiratory launch meant there was plenty to talk about during Teva’s presentation of its second-quarter results this week.

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