TEVA Stock Rises 135% in a Year: What's Driving the Recovery?

Teva Pharmaceutical Industries Limited's (TEVA) revenues have suffered significantly since it lost exclusivity of key multiple sclerosis medicine, Copaxone, in 2015. Teva also faces competitive pressure for some of its key branded drugs. The orphan drug exclusivity attached to bendamustine products (Bendeka and Treanda) expired in December 2022. Several generic versions of Treanda have been launched. Teva saw limited new complex generic approvals in the last 2-3 years from the FDA. Teva also has a high debt ...