Teva Reports Strong Financials for Q2 2012
Company turnover increased by 28% in the US, reaching $2.46bn, as Cephalon products including sleep disorder medication Nuvigil and cancer treatment Treanda boosted sales.
Teva Pharmaceutical has posted strong financials for Q2 2012, aided significantly by products acquired during the company's acquisition of Cephalon.
Company turnover increased by 28% in the US, reaching $2.46bn, as Cephalon products including sleep disorder medication Nuvigil and cancer treatment Treanda boosted sales. Teva acquired the US-based specialty drug manufacturer Cephalon for $6.5bn in 2011
The company's performance in the US marked a stern contrast with that in Europe, as sales remained stagnant at $1.5bn. Teva placed the blame on macro-economic conditions and health care reforms in key European markets, with generic sales falling 12%.
Outside of Europ
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