TEVA COMPLETES GENERIC PULMICORT® RESPULES PORTFOLIO
WITH THE LAUNCH OF THIRD STRENGTH IN THE UNITED STATES
Jerusalem, March 9, 2016 Teva Pharmaceutical Industries Ltd., (NYSE: TEVA) today announced the
launch of the generic equivalent to Pulmicort Respules®1 (budesonide inhalation
suspension), 1 mg/2 mL, in the United States.
Budesonide inhalation suspension is an inhaled corticosteroid medicine. It is a long-term
maintenance medicine used to control and prevent asthma symptoms in children ages 12 months to 8
years. Budesonide inhalation suspension helps to reduce swelling and inflammation in the lungs,
and also helps keep the airways open to reduce asthma symptoms.
With the addition of this new strength of budesonide inhalation suspension, Tevathe leader of the
product market in total prescriptions of budesonide inhalation suspension2now offers
the complete family of all strengths including, 0.25 mg/2 mL, 0.5 mg/2 mL, and 1 mg/2 mL.
Pulmicort Respules® (budesonide inhalation suspension), had annual sales of
approximately $217 million in the United States, according to IMS data as of November 2015.
About Budesonide Inhalation Suspension
Budesonide inhalation suspension is indicated for the maintenance treatment of asthma and as
prophylactic therapy in children 12 months to 8 years of age. Budesonide inhalation suspension is
not indicated for the relief of acute bronchospasm.
Important Safety Information
The use of budesonide inhalation suspension is contraindicated in the primary treatment of status
asthmaticus or other acute episodes of asthma where intensive measures are required. Budesonide
inhalation suspension is contraindicated in patients with hypersensitivity to budesonide or any of
the ingredients of budesonide inhalation suspension.
Systemic and inhaled corticosteroid use may result in the following serious adverse reactions:
Candida albicans infection; hypersensitivity reactions, including anaphylaxis; immunosuppression;
hypercorticism and adrenal suppression; reduction in bone mineral density; growth effects in
pediatric patients; glaucoma, increased intraocular pressure and cataracts; and eosinophilic
conditions and Churg-Strauss syndrome.
The most common adverse reactions (incidence 3%) in clinical trials were: respiratory infection,
rhinitis, coughing, otitis media, viral infection, moniliasis, gastroenteritis, vomiting, diarrhea,
abdominal pain, ear infection, epistaxis, conjunctivitis, and rash.
For more information, please see the accompanying Full Prescribing Information.
About Teva
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is a leading global pharmaceutical
company that delivers high-quality, patient-centric healthcare solutions used by millions of
patients every day. Headquartered in Israel, Teva is the worlds largest generic medicines
producer, leveraging its portfolio of more than 1,000 molecules to produce a wide range of generic
products in nearly every therapeutic area. In specialty medicines, Teva has a world-leading
position in innovative treatments for disorders of the central nervous system, including pain, as
well as a strong portfolio of respiratory products. Teva integrates its generics and specialty
capabilities in its global research and development division to create new ways of addressing unmet
patient needs by combining drug development capabilities with devices, services and technologies.
Tevas net revenues in 2015 amounted to $19.7 billion. For more information, visit
www.tevapharm.com.
Tevas Safe Harbor Statement under the U. S. Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements, which are based on managements current beliefs
and expectations and involve a number of known and unknown risks and uncertainties that could cause
our future results, performance or achievements to differ significantly from the results,
performance or achievements expressed or implied by such forward-looking statements. Important
factors that could cause or contribute to such differences include risks relating to: our ability
to develop and commercialize additional pharmaceutical products; competition for our specialty
products, especially Copaxone® (which faces competition from orally-administered alternatives and a
generic version); our ability to consummate the acquisition of Allergan plcs worldwide generic
pharmaceuticals business (Actavis Generics) and to realize the anticipated benefits of such
acquisition (and the timing of realizing such benefits); the fact that following the consummation
of the Actavis Generics acquisition, we will be dependent to a much larger extent than previously
on our generic pharmaceutical business; potential restrictions on our ability to engage in
additional transactions or incur additional indebtedness as a result of the substantial amount of
debt we will incur to finance the Actavis Generics acquisition; the fact that for a period of time
following the consummation of the Actavis Generics acquisition, we will have significantly less
cash on hand than previously, which could adversely affect our ability to grow; the possibility of
material fines, penalties and other sanctions and other adverse consequences arising out of our
ongoing FCPA investigations and related matters; our ability to achieve expected results from
investments in our pipeline of specialty and other products; our ability to identify and
successfully bid for suitable acquisition targets or licensing opportunities, or to consummate and
integrate acquisitions; the extent to which any manufacturing or quality control problems damage
our reputation for quality production and require costly remediation; increased government scrutiny
in both the U.S. and Europe of our patent settlement agreements; our exposure to currency
fluctuations and restrictions as well as credit risks; the effectiveness of our patents,
confidentiality agreements and other measures to protect the intellectual property rights of our
specialty medicines; the effects of reforms in healthcare regulation and pharmaceutical pricing,
reimbursement and coverage; competition for our generic products, both from other pharmaceutical
companies and as a result of increased governmental pricing pressures; governmental investigations
into sales and marketing practices, particularly for our specialty pharmaceutical products; adverse
effects of political or economic instability, major hostilities or acts of terrorism on our
significant worldwide operations; interruptions in our supply chain or problems with internal or
third-party information technology systems that adversely affect our complex manufacturing
processes; significant disruptions of our information technology systems or breaches of our data
security; competition for our specialty pharmaceutical businesses from companies with greater
resources and capabilities; the impact of continuing consolidation of our distributors and
customers; decreased opportunities to obtain U.S. market exclusivity for significant new generic
products; potential liability in the U.S., Europe and other markets for sales of generic products
prior to a final resolution of outstanding patent litigation; our potential exposure to product
liability claims that are not covered by insurance; any failure to recruit or retain key personnel,
or to attract additional executive and managerial talent; any failures to comply with complex
Medicare and Medicaid reporting and payment obligations; significant impairment charges relating to
intangible assets, goodwill and property, plant and equipment; the effects of increased leverage
and our resulting reliance on access to the capital markets; potentially significant increases in
tax liabilities; the effect on our overall effective tax rate of the termination or expiration of
governmental programs or tax benefits, or of a change in our business; variations in patent laws
that may adversely affect our ability to manufacture our products in the most efficient manner;
environmental risks; and other factors that are discussed in our Annual Report on Form 20-F for the
year ended December 31, 2015 and in our other filings with the U.S. Securities and Exchange
Commission (the SEC). Forward-looking statements speak only as of the date on which they are made
and we assume no obligation to update or revise any forward-looking statements or other
information, whether as a result of new information, future events or otherwise.
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Pulmicort Respules® is a registered
trademark of AstraZeneca group of companies. |
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