Ninth Consecutive Quarter of Growth
Teva reported its ninth consecutive quarter of growth, with revenue up 5% to $3.9 billion and adjusted EBITDA up 3%. Non-GAAP EPS increased by 8% to $0.52.
Innovative Brands Performance
Sales from innovative brands reached $589 million, up 45% over last year, driven by Austedo growing 39% globally, Ajovy up 26% globally, and Uzedy doubling to $39 million.
U.S. Generics and Biosimilars Launch
Teva launched biosimilar versions of Humira and Soliris in the U.S. and plans to launch five more products from 2025 to 2027, emphasizing a strong portfolio strategy.
Strong Financial Management
Teva reduced its gross debt to $16.7 billion from $17.8 billion at the end of the previous year, and maintained a net debt-to-EBITDA ratio just over three times.
Pipeline Progress
Teva is on track to submit olanzapine LAI for approval in the second half of the year and start Phase 3 trials for duvakitug with Sanofi.