Teva CEO Schultz Walks Smack Into A Rough Financial Situation

Teva announced lower third quarter sales, said it would miss it's 2017 profit forecasts and acknowledged looming debt challenges. It was only CEO Kare Schultz's second day on the job.

group of businessman in black suit and holding red arrow down graph

Teva Pharmaceutical Industries Ltd.'s new CEO Kare Schultz isn't exactly easing into the job. It was only his second day at the helm when Teva announced bleak third quarter financials Nov. 2 and revealed that it would miss its 2017 earnings forecasts – again.

The company is struggling to handle mounting debt challenges and is already seeing sales of its blockbuster specialty brand Copaxone...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

More from Leadership

More from Scrip