Welcome to our dedicated page for Teva Pharm news (Ticker: TEVA), a resource for investors and traders seeking the latest updates and insights on Teva Pharm stock.
News about Teva Pharmaceutical Industries Limited (TEVA) focuses on its transformation into an innovative biopharmaceutical company, its generics and biosimilars franchise, and developments across neuroscience and immunology. Company announcements highlight progress on its Pivot to Growth strategy, including updates on branded medicines such as AUSTEDO, AJOVY and UZEDY, as well as late-stage pipeline assets.
Recent news includes clinical and regulatory milestones for AJOVY (fremanezumab-vfrm), where Phase 3 SPACE trial results in children and adolescents with episodic migraine were published in the New England Journal of Medicine. These data supported U.S. FDA approval for preventive treatment of episodic migraine in pediatric patients who meet specified criteria, adding to AJOVY’s existing indication in adults. News items provide details on trial design, efficacy outcomes, and safety profile.
Investors and followers of TEVA can also find updates on pipeline programs such as olanzapine extended-release injectable suspension (TEV-'749) for schizophrenia and the anti‑IL‑15 antibody TEV-'408 for vitiligo and celiac disease, including regulatory submissions and funding agreements. Teva’s news flow covers biosimilar approvals and collaborations, such as European Commission approvals for denosumab biosimilars PONLIMSI and DEGEVMA and the U.S. settlement and license agreement for AVT06, a proposed biosimilar to Eylea.
In addition, TEVA news features financial and capital markets events, including rating agency actions, amendments to credit facilities, quarterly earnings release dates, conference call schedules, and participation in major healthcare conferences. This mix of clinical, regulatory, strategic and financial updates makes the TEVA news page a central resource for tracking how Teva’s generics base, innovative pipeline and biosimilars portfolio contribute to its stated Pivot to Growth strategy. Users interested in TEVA stock can monitor this page for ongoing disclosures that may inform their understanding of the company’s operations and strategic direction.
Teva Pharmaceutical Industries Ltd. reported a net loss of $2.35 billion for 2022, with a diluted loss per share of $2.12. Total revenues for the year were $14.9 billion, a 6% decrease from 2021, attributed to lower sales of COPAXONE and respiratory products. For Q4 2022, revenues were $3.9 billion, while GAAP diluted EPS stood at $(1.10). The company anticipates revenues in 2023 to range between $14.8 - $15.4 billion, with adjusted EBITDA expected at $4.5 - $4.9 billion. Positive momentum was noted in innovative products like AUSTEDO and AJOVY, which drove significant growth.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) announced that its greenhouse gas (GHG) emission reduction targets have been approved by the Science Based Targets initiative (SBTi). These targets aim for a 46% reduction in absolute scope 1 and 2 GHG emissions by 2030 and a 25% reduction in absolute scope 3 emissions. The initiative aligns with a 1.5°C climate pathway. Teva's sustainable financing strategy includes a $5 billion sustainability-linked bond, the largest in its sector. The company emphasizes the connection between health and environmental sustainability as part of its corporate social responsibility.
Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) will release its Q4 and full year 2022 financial results and 2023 financial guidance on February 8, 2023, at 7:00 a.m. ET. A conference call will follow at 8:00 a.m. ET. Interested participants can register here. A replay will be available within 24 hours on Teva's website.
Teva Pharmaceuticals has moved forward with a nationwide settlement aimed at resolving opioid-related claims, having secured participation from 48 of 50 U.S. states. The agreement, reached in collaboration with a working group of States’ Attorneys General, does not include an admission of wrongdoing. Teva believes the settlement is in the best interest of impacted communities and allows the company to concentrate on its patients. The process for subdivisions of the states to join the settlement will start soon, reflecting positive engagement from the states.
The FDA has accepted the Biologics License Application (BLA) for AVT04, a proposed biosimilar to Stelara® (ustekinumab), developed by Alvotech and Teva Pharmaceuticals. The regulatory review is expected to complete in the second half of 2023. AVT04 aims to treat inflammatory conditions and has shown therapeutic equivalence in clinical trials. This partnership was formed in August 2020 to commercialize Alvotech’s biosimilar products in the U.S. Both companies are focused on expanding access to cost-effective biosimilar treatments.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) will present at the 41st Annual J.P. Morgan Healthcare Conference on January 11, 2023, at 10:30 A.M. Pacific Time (1:30 P.M. Eastern Time). Interested parties can access the live webcast on Teva's Investor Relations website, with an archived version available within 24 hours and accessible for up to 30 days. Teva has over 3,500 products in its portfolio, serving around 200 million patients globally every day.
Teva Pharmaceuticals has finalized the documentation for a nationwide opioid settlement with States’ Attorneys General and Multi-District Litigation Plaintiffs. The settlement aims to resolve Teva's opioid-related disputes, including indemnification obligations with Allergan. The sign-on process for states will commence soon, with expectations of high participation rates based on previous settlements in Texas, Florida, Louisiana, Rhode Island, West Virginia, San Francisco, and New York. This move is seen as a step towards putting legal challenges behind and refocusing on patient care.
Teva Pharmaceuticals has announced a collaboration with Rimidi to integrate data into healthcare workflows, enhancing chronic care management and patient monitoring. The partnership aims to expand access to Teva's Digihaler® system, facilitating personalized asthma care through actionable data. Rimidi's platform aggregates data from various devices for streamlined integration with Electronic Health Records (EHR). This collaboration embodies Teva's commitment to predictive healthcare, aiming to improve patient outcomes and operational efficiency across healthcare systems.
Teva Pharmaceuticals has announced a collaboration with HealthSnap to enhance access to its Digihaler® system, a digital platform for chronic disease management. This partnership aims to integrate patient data into healthcare workflows, enabling proactive care across large populations, particularly for asthma patients. Teva's senior VP stated that the initiative is focused on predictive and preventative care, enhancing the healthcare ecosystem with technology. HealthSnap will utilize this collaboration to expand personalized care for respiratory disease patients.
Teva Pharmaceuticals announced that findings from its CONNECT clinical trial program on the Digihaler System will be presented at the ACAAI 2022 Annual Scientific Meeting from November 10-14 in Louisville, Kentucky. The data includes results from two trials: CONNECT1 and CONNECT2, assessing the effectiveness of the ProAir and AirDuo Digihalers in asthma management compared to standard care. While the studies aim to improve patient-provider interactions and treatment adherence, the FDA's approved label states no evidence that the app improves clinical outcomes.
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