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Teva to Slim Down Generic Drug Business in Turnaround Effort. The Stock Is Jumping.

Por: MarketWatch Business May 18, 2023

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Teva’s ADR jumped 7.3% on Thursday morning, as investors awaited an investor day presentation scheduled to start at 12 p.m. Eastern. The drugmaker has been struggling since a series of ill-advised acquisitions a decade ago, notably the decision to buy Actavis Generics for $40.5 billion in 2016. Debts from the deal crippled the business, and Actavis’s sales of generic opioids in the U.S. made Teva a major target of lawsuits brought by states... + full article



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