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Teva Commits To Dual Branded And Generic Model

CEO Maintains ‘World Class’ Generics Business And Innovative Interests Are Complementary

 
• By Dave Wallace

Teva’s innovative and generic interests can not only co-exist but are complementary, CEO Richard Francis has set out, in response to questions over whether the Israeli giant would consider splitting its businesses to focus more on branded drugs.

Francis_Richard
Richard Francis set out his thoughts on Teva’s business model

Teva has no plans to split up its business to separate its generic and branded interests, the company’s chief executive has confirmed, in response to questions over whether the firm’s increasing shift towards investing in its innovative assets meant that a company split could be on the cards.

Speaking at a meeting with local media in Tel Aviv, Israel, CEO Richard Francis referred to the firm’s “Pivot to Growth” strategy – launched midway through last year (see sidebar) –

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