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Teva Raises Guidance As Generics Enjoy Solid Growth In Q2

Biosimilars Business Boosted By Adalimumab Launch In US Ahead Of Ustekinumab Opportunity

 
• By Dave Wallace

Teva has upped its expectations for 2024 after the second quarter brought a major boost for its worldwide generics business and positive signs for biosimilars in the US.

Teva logo outside building
Teva reported double-digit growth for generics in the second quarter • Source: Shutterstock

In a sign of confidence in its ‘Pivot to Growth’ strategy, Teva has raised its sales and profit guidance for 2024 after the second quarter brought a significant turnover increase for its generics business across all global regions, as well as positive developments for its burgeoning biosimilars business in the US.

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More from Business

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• By Dave Wallace

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