Teva Pharmaceuticals
Israeli pharmaceutical company / From Wikipedia, the free encyclopedia
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Teva Pharmaceutical Industries Ltd. (also known as Teva Pharmaceuticals) is an Israeli multinational pharmaceutical company. Teva specializes primarily in generic drugs, but other business interests include branded-drugs, active pharmaceutical ingredients (API's) and, to a lesser extent, contract manufacturing services and an out-licensing platform.
Company type | Public |
---|---|
TASE: TEVA NYSE: TEVA TA-35 Index Component | |
Industry | Pharmaceutical |
Founded | 1901; 123 years ago (1901) |
Founder | Günther Friedländer Chaim Salomon Moshe Levin Yitschak Elstein |
Headquarters | , Israel[1] |
Key people | Richard Francis (president) and (CEO) Sol Barer (chairman) Eli Kalif (CFO) |
Revenue | US$ 15.85 Billion (2023) |
US$ 1.715 Billion (2021)[2] | |
US$ -0.559 Billion (2023) | |
Total assets | US$ 47.666 Billion (2021)[3] |
Total equity | US$ 11.244 Billion (2021)[4] |
Number of employees | 35,000 (2023) |
Website | tevapharm.com teva.co.il |
Teva's primary branded products include Austedo (deutetrabenazine) which is used for the treatment of chorea associated with Huntington's disease and tardive dyskinesia; and Ajovy (fremanezumab), used for the preventive treatment of migraine in adults. Additional branded drugs sold by Teva include Copaxone, Bendeka and Treanda, all of which are primarily sold in the United States.
Teva is listed on the Tel Aviv Stock Exchange and the New York Stock Exchange. Its manufacturing facilities are located in Israel, North America, Europe, Australia, and South America. The company is a member of the Pharmaceutical Research and Manufacturers of America (PhRMA).[5][6]
Teva Pharmaceuticals is the largest generic drug manufacturer in the world. Overall, Teva is the 18th largest pharmaceutical company in the world.[7] Teva has a history of legal trouble in relation to collusion and price-fixing to inflate prices for drugs.[8] In 2023, Teva paid the largest fine to date for a domestic antitrust cartel in relation to a criminal investigation by the US Department of Justice into the company's price-fixing.[9]