Teva Completes Closing Of Exclusive Collaboration Deal To Deliver Inflammatory Bowel Disease Treatment
Portfolio Pulse from Benzinga Newsdesk
Teva Pharmaceutical Industries Ltd. (TEVA) has closed a deal with Sanofi (SNY) to co-develop and co-commercialize TEV '574, a treatment for inflammatory bowel disease currently in Phase 2b trials. Teva will receive $500 million upfront and up to $1 billion in milestones, with shared development costs and profits. Teva leads commercialization in Europe and Israel, while Sanofi leads in North America and Asia. Results are expected in 2024.
November 30, 2023 | 1:41 pm
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POSITIVE IMPACT
Sanofi has completed a collaboration agreement with Teva for the co-development of TEV '574, sharing development costs and profits, and leading commercialization in key markets including North America.
Sanofi's involvement in the TEV '574 program represents a strategic investment in expanding its portfolio in the IBD market. The shared cost and profit structure, along with leadership in commercialization in lucrative markets, suggest a positive short-term outlook for SNY's stock.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Teva has finalized a significant collaboration with Sanofi, securing an upfront payment of $500 million and potential milestones of up to $1 billion for the co-development of TEV '574.
The closing of this deal is a strong positive for Teva, providing a substantial upfront cash inflow and future revenue potential. This collaboration could significantly enhance Teva's financials and pipeline, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90