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Teva’s U.S. Generic Sales Rebound With Late-Year Launches, Ranbaxy Lipitor Deal

 
• By Sue Sutter

The Israel-based manufacturer saw its full-year U.S. generic revenues drop 32% due to expired marketing exclusivities and manufacturing problems at two plants. However, the fourth quarter brought a rebound, thanks to launches of generic Zyprexa and Combivir and a profit-sharing agreement on atorvastatin.

Teva Pharmaceutical Industries Ltd.’s U.S. generic drug sales began a return to normal footing in the fourth quarter of 2011 thanks to new launches, a profit-sharing agreement with Ranbaxy Laboratories Ltd. on atorvastatin (Pfizer Inc.’s Lipitor) and continued progress in resolving manufacturing deficiencies at two sites, company officials said during a Feb. 15 earnings call.

For the full year 2011, U.S. generic revenues were $4 billion, down 32% compared with the prior year period. In...

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More from United States

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More from North America

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• By Sue Sutter

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• By Sarah Karlin-Smith and Derrick Gingery

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• By Tim Casey

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