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Teva's Slow Recovery Proceeds With Flat Revenue Forecast In 2021

 
• By Jessica Merrill

The company's specialty franchises are on track for solid growth but the North American generics outlook remains lackluster.

New winding road in the mountain
Teva's return to growth has been winding • Source: Shutterstock

Teva Pharmaceutical Industries Ltd.' return to growth remains elusive as the drug maker forecast flat 2021 revenues compared to 2020, even as the company had hoped 2019 would be a trough year before returning to growth in 2020. COVID-19 put a wrench in that plan as the company experienced headwinds due to the pandemic from fewer doctor visits and lower demand for certain products.

Despite strong growth from the newer branded products Austedo (deutetrabenazine) and Ajovy (fremanezumab), Teva's consolidated revenues declined 1% to $16.66bn in 2020. Teva reported fourth quarter and full year 2020...

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