Is Teva’s US Decline In Q3 Evidence Of A Broader Downward Trend?
Third Quarter Numbers Follow Sandoz’ View Of ‘Challenging Environment’
Executive Summary
Teva faced questions about the current environment in the US for generics, following weakness in its numbers and in those of rival Sandoz during the third quarter. Management remains “very committed to the US generics segment,” after sales dropped by 7%.
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US firm has received a notice of non-compliance from NYSE due to price of company’s shares. Lannett insists there is no immediate impact, but it is evaluating options, including “transactions that are subject to approval of Lannett’s stockholders.”
New York Exchange Gives Lannett Six Months To Meet Standards
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