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Teva CEO Offers Small Insights Into Big Priorities As Run Up to Dec. 11

 
• By Wendy Diller

Teva CEO Jeremy Levin provided additional glimpses of the company’s new strategy on a Q3 earnings call in advance of an investor meeting on Dec. 11, where he and Teva management will reveal their full agenda. Levin again put the emphasis on “focus” and “discipline” over “pure growth,” confirmed the company’s ‘confidence in the MS drug laquinimod, and highlighted several senior management appointments that reflect Teva’s new priorities.

Nearly two years after Teva Pharmaceutical Industries Ltd.won a high-stakes bidding war to buy the German generics manufacturer ratiopharm Group for $5 billion in order to aggressively build its broad presence in Europe, it is striking a different tone.

Under the leadership of CEO Jeremy Levin, who joined the company in January and became CEO in May, the company...

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