Teva Lowers Forecast As Q3 Revenues Decline Amid Growing Generic Competition

But Opioid Crisis Settlement On Track

The Israeli firm’s third-quarter revenues and profits decreased as its product sales dipped due to alternative options and generic competition leading it to lower its full-year guidance, but its opioid crisis financial settlement remains on track.  

A sad piggy bank behind stack of euro coins symbolizing the fall of monetary assets.
Teva's Profits Have Dipped Despite Lower R&D Spend • Source: Shutterstock

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