Teva will doubtless be pleased with the reaction to its latest first-quarter results. In the days that followed the firm’s 8 May announcement of its Q1 2024 financials – coupled with a simultaneous disclosure of positive trial data, ahead of schedule, for its TEV-’749 long-acting injectable olanzapine candidate developed with partner MedinCell – the firm’s share price jumped by around 15% to more than $16 per share.
A Year After ‘Pivot To Growth’, Teva Keeps Pushing Forward With Innovative Assets
Firm Highlights LAI Olanzapine, As Trial Results Come Nine Months Ahead Of Schedule
Celebrating positive trial results for its long-acting injectable olanzapine, at the same time as reporting across-the-board growth for its generics business in Q1, Teva says it is pushing forward with its “pivot to growth” strategy almost a year after it was introduced by CEO Richard Francis.
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