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Teva Pharmaceutical Industries (TEVA) investor relations material
Teva Pharmaceutical Industries Citi Annual Global Healthcare Conference 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic transformation and growth journey
Pivot to Growth strategy shifted focus from generics to biopharma, with significant progress in business structure and financials over three years.
Innovative products like AUSTEDO, UZEDY, and AJOVY are driving growth, with AUSTEDO expected to surpass $3 billion in peak sales.
Pipeline transformation accelerated, with multiple late-stage assets including olanzapine, DARI, and duvakitug advancing toward launch.
Global generics business stabilized and returned to growth, contributing to overall value creation.
Effective capital allocation and cost-saving programs are supporting EBITDA and EPS growth.
Financial outlook and margin expansion
Despite losing over $1 billion in Revlimid sales in 2026, EBITDA is expected to grow through high-margin innovative launches and $500 million in cost savings by end of 2026.
Gross margin projected to rise from 48% in early 2023 to 54% by year-end, with further increases to 57–58% by 2027 and continued growth through 2032.
Innovative portfolio growth, including new launches each year, is the main driver of margin expansion and financial performance.
Product portfolio and market dynamics
AUSTEDO's IRA-negotiated price reduction provides certainty for $2.5 billion in 2027 sales and over $3 billion peak, with continued focus on patient access and adherence.
UZEDY and upcoming olanzapine launch are expected to significantly expand the schizophrenia franchise to $1.5–2 billion.
Duvakitug (TL1A) in partnership with Sanofi targets $3–5 billion in UC and CD, with additional indications planned.
Commercial execution emphasizes value over access, maintaining price discipline even in competitive markets.
Next Teva Pharmaceutical Industries earnings date
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