11th Consecutive Quarter of Growth
Teva reported its 11th consecutive quarter of growth with a 3% increase in revenue to $4.5 billion, an adjusted EBITDA up 6%, and a non-GAAP EPS increase of 14% compared to Q3 2024.
Innovative Portfolio Growth
Innovative products grew to over $800 million for the quarter, showing a 33% year-on-year growth. AUSTEDO grew by 38% to $618 million, UZEDY increased by 24% to $43 million, and AJOVY was up 19% to $168 million.
Reduction in Net Debt
Teva’s net debt to EBITDA is now below 3x for the first time since 2016, demonstrating financial discipline and effective debt reduction strategies.
Successful IRA Negotiations for AUSTEDO
The outcome of the IRA negotiations for AUSTEDO was in line with expectations, reinforcing confidence in achieving the revenue target of $2.5 billion in 2027 and over $3 billion at peak.
Generics and Biosimilars Performance
Global generics revenues increased by 2%, with the U.S. market growing 7% in Q3 due to several launches and strong biosimilar performances.