Teva Begins Trading Ordinary Shares Directly on the NYSE, Marking a Milestone in its Pivot to Growth Strategy
Teva completes its move to direct NYSE ordinary share trading, backed by investment-grade ratings and rapid growth in key innovative brands.
Rhea-AI Summary
Teva Pharmaceutical (TEVA) began trading its ordinary shares directly on the New York Stock Exchange on September 14, 2026, completing its transition away from an American Depositary Shares program.
The shares continue to trade under the ticker “TEVA” on both the NYSE and the Tel Aviv Stock Exchange. The company said the direct ordinary share listing is intended to broaden investor access and strengthen its position in U.S. capital markets. Teva highlights a recent return to investment‑grade credit ratings from all three major rating agencies and ongoing debt reduction as evidence of financial transformation.
Under its Pivot to Growth strategy, Teva reports that its three flagship innovative brands AUSTEDO, AJOVY, and UZEDY have grown collectively by more than 40% year‑over‑year year to date, with expected 2026 revenues of approximately $3.7 billion. The company also cites an innovative pipeline with potential of more than $10 billion in peak revenues as it seeks to expand margins, grow earnings, and create long‑term shareholder value.
Positive
- Direct NYSE ordinary share listing completed, replacing the prior ADS program
- Investment-grade credit ratings regained from all three major rating agencies
- Flagship brands AUSTEDO, AJOVY, UZEDY >40% YoY growth year to date
- Three key brands expected to generate ~$3.7 billion in 2026 revenues
- Innovative pipeline cited with potential for >$10 billion in peak revenues
Negative
- None.
Key Figures
- Flagship brand growth
- More than 40% year-over-year
- Year to date across AUSTEDO, AJOVY and UZEDY
- Expected 2026 revenues
- $3.7 billion
- Expected revenue from three flagship innovative brands
- Potential peak revenues
- More than $10 billion
- Innovative pipeline potential
Key Terms
investment-grade credit ratings financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
PARSIPPANY, N.J. and TEL AVIV, Israel, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA), a global biopharmaceutical company, today announced that its ordinary shares will begin trading today directly on the New York Stock Exchange (NYSE) completing the company’s planned transition from its American Depositary Shares (ADSs) program. Teva’s shares continue to trade under the same ticker symbol “TEVA” on both the NYSE and the Tel Aviv Stock Exchange (TASE).
“Today marks another meaningful milestone in Teva’s transformation,” said Richard Francis, President and CEO of Teva. “The trading of our ordinary shares on the NYSE is expected to broaden investor access to our shares and reflects the momentum we are building through our Pivot to Growth strategy. We remain focused on delivering for patients, driving sustainable growth, and accelerating our transformation into a leading innovative biopharmaceutical company.”
“Our move to a direct ordinary share listing is an important step in strengthening our position in the U.S. capital markets,” said Eli Kalif, Executive Vice President, and Chief Financial Officer of Teva. “Together with our recent return to investment-grade credit ratings from all three major ratings agencies, this milestone demonstrates the strength of our financial transformation, expands our access to investors and enhances our ability to invest for long-term growth.”
Teva’s direct listing comes as the company continues to deliver against its Pivot to Growth strategy, transforming into a leading biopharmaceutical company, driven by a fast-growing innovative medicines portfolio and powered by a leading generics business. Year to date its three flagship innovative brands, AUSTEDO®, AJOVY®, and UZEDY®, have grown collectively by more than
About Teva
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is transforming into a leading innovative biopharmaceutical company, enabled by a world-class generics business. For over 120 years, Teva’s commitment to bettering health has never wavered. From innovating in the fields of neuroscience and immunology to providing complex generic medicines, biosimilars, and pharmacy brands worldwide, Teva is dedicated to addressing patients’ needs, now and in the future. At Teva, We Are All in for Better Health. To learn more about how, visit www.tevapharm.com.
Cautionary Note Regarding Forward Looking Statements
This Press Release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on management’s current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause our future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements. These forward-looking statements include statements concerning our plans, strategies, objectives, and any other information that is not historical information. You can identify these forward-looking statements by the use of words such as “will,” “should,” “expect,” “anticipate,” “may,” “project,” “intend,” “plan,” “believe,” “transition” and other words and terms of similar meaning and expression in connection with any discussion of future performance developments. Important factors that could cause or contribute to such differences include risks relating to: our ability to successfully implement the process for terminating our ADS program and directly list our ordinary shares in lieu of the ADSs on the NYSE and to achieve our aims as a result of such process, as described in Part II, Item 5 of our Quarterly Report on Form 10-Q for the second quarter of 2026; our ability to successfully execute on our Pivot to Growth strategy, including to expand our innovative and biosimilar medicines pipeline and to profitably commercialize our innovative medicines and biosimilar portfolio, whether organically or through business development, to sustain and focus our portfolio of generic medicines, and to execute on our organizational transformation and to achieve expected cost savings; our significant indebtedness, which may limit our ability to attract investors, incur additional indebtedness, engage in additional transactions or make new investments; and other factors discussed in our Quarterly Report on Form 10-Q for the second quarter of 2026 and in our Annual Report on Form 10-K for the year ended December 31, 2025, including in the sections captioned “Risk Factors” and “Other Information.” Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements.
Teva Media Inquiries:
TevaCommunicationsNorthAmerica@tevapharm.com
Teva Investor Relations Inquiries:
TevaIR@Tevapharm.com
*As reported in our Q2 2026 financial results
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/12f4d600-2bc1-4523-a309-25fd649b40b1
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How does the direct NYSE listing relate to Teva’s Pivot to Growth strategy?
The direct listing coincides with continued execution of Teva’s Pivot to Growth strategy, which focuses on transforming into a leading biopharmaceutical company driven by a fast-growing innovative medicines portfolio and a leading generics business, while targeting margin expansion, earnings growth and long-term shareholder value.