Teva: 4 Key Drivers For A 2024 Revival (Upgraded Rating)

Summary:

  • I am upgrading Teva Pharmaceutical to “Buy” for 2024, buoyed by opioid litigation resolution and promising drugs like TEV’574.
  • Strong Q3 2023 performance, marked by revenue growth in Austedo, Ajovy, and Uzedy, and increased R&D investment.
  • TEV’574, in collaboration with Sanofi, shows significant promise in inflammatory bowel disease treatment, enhancing TEVA’s pipeline.
  • The Company’s disciplined financial management and innovative product pipeline make it a compelling buy for 2024.

Business turnaround ideas, innovation, brainstorming, inspiration and problem solving ideas. Light bulbs and coins lay on the floor.

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At a Glance

Teva Pharmaceutical Industries Limited (NYSE:TEVA) has emerged as a compelling investment opportunity, prompting an upgrade from “Hold” to “Buy” for 2024. This shift is driven by Teva’s successful resolution of opioid litigation, strategic


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