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Teva Remains Neutral On Erosion Worries After Sandoz Remarks

Teva’s Outlook On Price Erosion Differs From Sandoz In Solid Q1

 
• By Dean Rudge

Teva was drawn into the conversation around generic price erosion, especially in the US and Europe, after Sandoz singled out the unfavorable effect during a lackluster Q1.

Business decline
TEVA CEO SCHULTZ: 'NO BIG CHANGES' ON PRICE EROSION FORECASTS • Source: Shutterstock

Teva CEO Kåre Schultz sees “no dramatic change” in terms of generic price erosion for the Israeli firm in both the US and Europe, as Teva delivered solid first-quarter financial results, including more than $1bn of generic and biosimilar revenues in North America.

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