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Teva’s 'Key Ingredient' For Growth: Biosimilars

 
• By Jessica Merrill

Teva has conducted due diligence on 36 biosimilar companies with the aim of signing a partner soon to fill a critical gap in its generics pipeline.

laboratory

Teva Pharmaceutical Industries Ltd. is looking to close a deal with a biosimilar partner soon, according to Global Generic Medicines CEO Sigurdur Olafsson. The head of the generics business said biosimilars will be a “key ingredient” to the future of Teva, but acknowledged the recipe for success will require the help of a partner – and quickly.

Closing a deal in the biosimilar space is an important business priority for Teva in the near-term; the company’s generic...

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