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Teva Shows Its Big Pharma Clout With $1.5bn Sanofi Deal

Israeli Firm Stepping Up Investments In Branded Space, Under CEO Francis

 
• By Dean Rudge

Teva has wrapped up an earlier deal with Sanofi that will see the French giant take command of its novel TL1A inhibitor currently in a Phase IIb study for ulcerative colitis and Crohn’s disease.

aorpixza/Shutterstock.com
• Source: Shutterstock

Shortly after taking charge at the start of this year, Teva’s CEO Richard Francis had outlined that the firm would pivot more towards innovative drugs in the future as perceived headwinds for generic drugs continued to mount. Concluding an agreement with the French giant Sanofi, Teva has ended 2023 by doing just that.

In early October, Teva drafted in Sanofi to help challenge the frontrunners in the race to develop the next blockbuster treatment for inflammatory bowel

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