NAPSR News: Teva Has Successful Second Quarter Based on Generic Drug Sales

WASHINGTON - Aug. 5, 2014 - PRLog -- Based on Teva’s second quarter analysis the company reported an increase in profits in their generics division. According to the report, revenue from the generics sector amounted to $2.5 billion increasing 5% in both U.S. dollar and local currency terms compared to the second quarter of 2013. US revenue from the generics segment grossed approximately  $1.0 billion an increase of 10% compared to the second quarter of 2013.

Key contributors to the solid revenue growth in the generics division include sales of capecitabine (the generic equivalent of Xeloda®) launched in March 2014, omega-3-acid ethyl esters (the generic equivalent of Lovaza®) . Other products that were sold in the second quarter of 2014 but not sold in the second quarter of 2013 also added to the profit margin. These include raloxifene (the generic equivalent of Evista®) and tolterodine tartrate (the generic equivalent of Detrol®).

“We are pleased with the results of the second quarter of 2014, delivering organic growth in revenues and all profit lines over the comparable quarter last year. Our generic business delivered solid results with significantly improved profitability. In our specialty business, we have successfully converted, to date, 51% of the Copaxone®family in the U.S. to the newly-launched Copaxone® 40mg/mL, and are continuing to stably lead the global and U.S. relapsing remitting multiple sclerosis market. We are also excited about the progress we are making in our specialty pipeline, which includes, this quarter, the successful launch of DuoResp Spiromax® in Europe, the progression toward FDA submission for ER hydrocodone and the FDA acceptance of our albuterol MDPI NDA," stated Erez Vigodman, President and CEO of Teva.

Mr. Vigodman continued, “We are also making significant progress on our top priorities for 2014: solidifying the foundation of Teva, maintaining the Copaxone® franchise, driving organic growth and positioning Teva for long-term value creation. This quarter, we have announced a new organizational structure for Teva, including the formation of the Global Generics Medicines group under the leadership of Siggi Olafsson, one of the most experienced executives in the generic industry. We continued to accelerate the transformation of our operational network, and have performed a thorough review of our cost reduction program, which yielded additional net savings. We have also acquired Labrys, adding an important asset to our unique patient-centric offering in the pain area. Finally, we are progressing in defining and shaping the future strategic direction of Teva."

With such industry leaders posting gains in profitability from their successful product pipeline, they will need both certified and qualified individuals to promote their diversified therapeutic portfolio. When industry leaders look for new candidates for sales/marketing positions, they look toward individuals that are industry trained. Companies are looking for people that have the background to market their product both proficiently and efficiently.

CANDIDATES WHO WANT TO BREAK INTO PHARMACEUTICAL SALES!

The CNPR is a federally trademarked certification you can earn by demonstrating the necessary knowledge in pharmacology, medical terminology, physiology, and regulations for selling pharmaceuticals. The CNPR examination is dedicated to increasing the professional level of NAPSR members and to developing meaningful and ethical standards fully accepted by both its members and members of the pharmaceutical community.

The CNPR® Program represents a level of industry achievement and a demonstrated knowledge of pharmacology, medical terminology, pharmaceutical selling guidelines, physician selling techniques and industry standards. Pharmaceutical sales candidates who have this training will differentiate themselves from other individuals looking for open positions. Upon successful completion of the training each student will receive the Certification Mark of the CNPR®. CNPR® graduates should immediately utilize the NAPSRx® Career Center to apply for pharmaceutical sales positions.

Individuals that are interested in becoming a Certified National Pharmaceutical Representative (CNPR) can contact the National Association of Pharmaceutical Sales Representatives (NAPSRx) for more information.