Teva ups revenue outlook with production unaffected by war

8 November 2023

Israeli generics giant Teva Pharmaceutical Industries (NYSE: TEVA) has reported its latest quarterly financial results against a backdrop of war in its home region.

Revenue for the third quarter of 2023 rose 7% to $3.9 billion, above the $3.72 billion predicted by analysts, I/B/E/S data from Refinitiv Eikon showed.

The increased revenues reflect sustained growth in sales of the Huntingdon’s disease drug Austedo (deutetrabenazine), the migraine product Ajovy (fremanezumab) and the global generics business.

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