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Teva expects 2H24 revenue ‘slightly higher’ than 1H24

Expects gross margin to improve through FY24. Sees FY24 adjusted gross margin 53%-54%. Says making “strong progress” in reducing debt. Says net debt/EBITDA of 3.45 at Q4-end. Targeting 2x net debt/EBITDA by end of 2027. Sees FY24 tax rate 14%-17%.

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