Teva Eyes ‘80% Of Off-Patent Opportunities’ For Generics And Biosimilars

As Israeli Firm Identifies New Long-Term Financial Targets For 2027

Teva’s president and CEO Kåre Schultz provided fresh long-term financial targets for the company in the wake of the firm agreeing in principle to settle opioid-related claims in the US – but will the architect of Teva’s restructuring remain beyond his current November 2023 contract?

Arrows up (Kutsal Lenger/Alamy Stock Photo)
Teva has revealed new five year targets • Source: Shutterstock (Kutsal Lenger / Alamy Stock Phot/Alamy Stock Photo)

Resolute to maintain its position as the world’s leading generics company, Teva has disclosed that its pipeline contains “more than 1,000 projects covering 80% of what’s going off-patent,” as it outlined a refocused five-year plan up to 2027 to return to growth both for revenues and earnings.

At the same time, for biosimilars the Israeli firm has the “same philosophy. We want to cover 80% of the...

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