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A Trough Year For Teva, With A Turning Point Targeted For 2020

 
• By Jessica Merrill

As the company's turnaround plan matures, 2019 will remain a year of cost-cutting and focus as it looks to pay down debt and stabilize its financials. "We'll be focused on optimizing our own business rather than adding new businesses," CEO Schultz said.

Close up of Cows drinking at Trough in Pasture on a bright sunny day. - Image

The outlook for Teva Pharmaceutical Industries Ltd. in 2019 is straightforward. It will be a year of more cost-cutting and continued focus as the company looks to stabilize financials and reduce its debt. Teva hopes 2019 will be the year it bottoms out before returning to growth in 2020.

The company is not looking to jumpstart the top line with any business development, as CEO Kare Schultz made clear...

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