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Teva Likes Biosimilar Licensing Deals As It Cuts Full-Year Sales Guidance

Recent Deal Brought In Bioeq’s Lucentis Biosimilar In Europe

 
• By Dean Rudge

Teva is keeping a keen eye out for opportunities like its US biosimilars agreement with Alvotech and more recent deal with Bioeq for biosimilar Lucentis as it attempts to maintain revenues in the coming years, following a cut to full-year sales guidance for 2021.

Business Growth
Licensing deals 'will not be huge blockbusters' • Source: Alamy

Teva has identified recent biosimilar licensing opportunities in Europe and the US as the kind it is looking for to drive revenues in the coming years, after lowering its financial guidance for 2021 amid “lingering” effects from the COVID-19 pandemic.

Reporting financial results for the second quarter of this year, the Israeli giant revised its net revenues outlook for 2021 from $16.4bn-$16.8bn to $16.0bn-$16

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