A Year After ‘Pivot To Growth’, Teva Keeps Pushing Forward With Innovative Assets

Firm Highlights LAI Olanzapine, As Trial Results Come Nine Months Ahead Of Schedule

 
• By David Wallace
  
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Celebrating positive trial results for its long-acting injectable olanzapine, at the same time as reporting across-the-board growth for its generics business in Q1, Teva says it is pushing forward with its “pivot to growth” strategy almost a year after it was introduced by CEO Richard Francis.

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Another of Teva’s innovative assets has delivered results • Source: Shutterstock

Teva will doubtless be pleased with the reaction to its latest first-quarter results. In the days that followed the firm’s 8 May announcement of its Q1 2024 financials – coupled with a simultaneous disclosure of positive trial data, ahead of schedule, for its TEV-’749 long-acting injectable olanzapine candidate developed with partner MedinCell – the firm’s share price jumped by around 15% to more than $16 per share.

Analyst interest was focused on the olanzapine results, with Teva president and CEO Richard Francis explaining: “we had the data...

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