Teva Pharmaceutical Industries Launches Authorized Generic Of Victoza In United States
Portfolio Pulse from Benzinga Newsdesk
Teva Pharmaceutical Industries has launched the first-ever generic version of Victoza in the U.S., expanding its complex generic medicine portfolio. The generic Victoza, a GLP-1 therapy, is indicated for improving glycemic control and reducing cardiovascular risks in type 2 diabetes patients.
June 24, 2024 | 1:50 pm
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Teva Pharmaceutical Industries has launched the first-ever generic version of Victoza in the U.S., which could boost its market share in the GLP-1 therapy segment and support its complex generic medicine portfolio.
The launch of the first-ever generic Victoza positions Teva to capture a significant share of the GLP-1 therapy market, which is in high demand. This move aligns with Teva's strategy to expand its complex generic medicine portfolio, likely leading to positive short-term stock price movement.
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