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Teva’s Copaxone headache gets two-year reprieve

Date June 25, 2012

Jeremy Levin, the recently appointed CEO of the world’s biggest generics firm, Teva Pharmaceutical Industries, can sleep soundly again – for a couple of years, anyway.

The US district court ruling upholding key patents relating to the multiple sclerosis blockbuster Copaxone, which accounts for almost 20% of Teva’s global sales, secures another pillar of the company’s bid to defend the franchise. Had the decision gone the other way a combined $5.2bn of US Copaxone revenue in 2013/14 would have been put at risk. Moreover, Mr Levin has bought precious time to implement a lifecycle management strategy.

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