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Teva: Our Biosimilars Strategy Has Been Fragmented, We Want To Be Global

Israeli Firm ‘Absolutely’ Believes Biosimilars Are Long-Term Growth Driver

 
• By Dean Rudge

Months into the job, Teva CEO Richard Francis delivered the company’s promise for a new dedicated strategy to return to growth. Funded by a portion of capital reallocated from Teva’s generics business to focus on innovative brands, the new strategy will continue to promote biosimilars, Teva has outlined.

Globe hands (otnaydur/Shutterstock.com)
• Source: Shutterstock

Taking a more global approach to biosimilars while leveraging the company’s vast capabilities and manufacturing scale to build out a sizeable portfolio, with a continued focus on partnerships and business development, are among plans laid out by Teva as part of the Israeli giant’s new and highly anticipated “Pivot to Growth” strategy.

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