Business DivestitureTeva intends to divest its API business by the first half of 2025, allowing the company to focus on its core business strengths and potentially accelerate its debt reduction efforts.
Financial GuidanceTeva expects 2024 Austedo sales of approximately $1.5 billion, marking a 25% growth, which reflects the company's strong position in the high-growth, high-margin brand.
Strategic PartnershipsThe licensing agreement with mAbxience covers multiple global markets, including Europe and the United States, suggesting a broad market potential for Teva.