Teva nabs FDA approval for generic version of Forteo

17 November 2023

The US unit of Israeli generics giant Teva Pharmaceutical Industries (NYSE: TEVA) has received US Food and Drug Administration (FDA) approval of a generic version of Forteo (teriparatide).

Teriparatide injection is indicated to treat osteoporosis among certain women and men, and Forteo has been a major seller for US pharma company Eli Lilly (NYSE: LLY), until generic competition arrived.

Market availability of the product in the USA is expected in the coming weeks, said Teva, noting that Forteo had annual sales of $609 million as of July 2023, according to IQVIA data.

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