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Teva Eyes ‘80% Of Off-Patent Opportunities’ For Generics And Biosimilars

As Israeli Firm Identifies New Long-Term Financial Targets For 2027

 
• By Dean Rudge

Teva’s president and CEO Kåre Schultz provided fresh long-term financial targets for the company in the wake of the firm agreeing in principle to settle opioid-related claims in the US – but will the architect of Teva’s restructuring remain beyond his current November 2023 contract?

Arrows up (Kutsal Lenger/Alamy Stock Photo)
Teva has revealed new five year targets • Source: Shutterstock (Kutsal Lenger / Alamy Stock Phot/Alamy Stock Photo)

Resolute to maintain its position as the world’s leading generics company, Teva has disclosed that its pipeline contains “more than 1,000 projects covering 80% of what’s going off-patent,” as it outlined a refocused five-year plan up to 2027 to return to growth both for revenues and earnings.

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