Innovative Product Growth
AUSTEDO, UZEDY, and AJOVY showed strong growth, with revenue increases of 19%, 120%, and 31% respectively. Overall, the innovative portfolio delivered a 27% increase in revenue.
10th Consecutive Quarter of Growth
Teva achieved its 10th consecutive quarter of growth with revenues up 1% to $4.2 billion, driven by innovative products.
Improved Financial Metrics
Adjusted EBITDA increased by 7% and non-GAAP EPS rose by 10%. The company reduced its net debt to EBITDA ratio to just over 3.
Biosimilars and Generics Pipeline
Teva plans to launch 15 complex generics and 8 biosimilars between now and 2027, with biosimilar sales expected to grow $400 million by 2027.
Transformation Program Progress
Teva is on track to achieve $700 million in net savings by 2027, with 20% of this achieved already.
Strong Pipeline Progress
Late-stage pipeline products are on track, with expected peak sales over $10 billion. The company also announced a strategic partnership with Fosun Pharma.