uploads///Oncology Franchise

The Latest on TEVA’s Oncology Business

By

Nov. 20 2020, Updated 11:24 a.m. ET

Oncology revenue trends

In 1H17, Teva Pharmaceutical Industries’ (TEVA) oncology business generated revenues of ~$550 million, or ~9% lower YoY (year-over-year). In 2Q17, the oncology business generated revenues of ~$280 million, or ~16% lower YoY and 4% higher QoQ (quarter-over-quarter).

Teva’s oncology products in US markets include Treanda-Bendeka, Granix, and Trisenox. Outside the US, Teva commercializes Lonquex, Tevagrastim, Trisenox, and Treanda.

Article continues below advertisement

Treanda-Bendeka revenues

In 1H17, Teva’s Treanda-Bendeka generated revenues of ~$320 million, or 12% lower YoY. In 2Q17, Treanda-Bendeka reported revenues of ~$163 million, or 21% lower YoY and 4% higher QoQ.

Treanda-Bendeka (bendamustine hydrochloride) injection is used for the treatment of individuals with chronic lymphoblastic leukemia and individuals with indolent B-cell non-Hodgkin’s Lymphoma that has advanced through or within six months of treatment with rituximab.

Recent developments

In June 2017, the FDA (US Food and Drug Administration) accepted for review Teva’s and Celltrion’s BLA (biologics license application) CT-P10, a proposed biosimilar of Roche’s (RHHBY) Rituxan. Rituxan is a blockbuster drug used for the treatment of individuals with chronic lymphocytic leukemia (CLL), rheumatoid arthritis (RA), non-Hodgkin’s lymphoma (NHL), granulomatosis with polyangiitis, and microscopic polyangiitis.

In July 2017, the FDA accepted for review Teva’s and Celltrion’s BLA for CT-96 a proposed biosimilar of Roche’s Herceptin. Herceptin is another blockbuster drug used for the treatment of Human Epidermal growth factor receptor-2 overexpressing breast cancer. Herceptin is also used for the treatment of individuals with HER2-overexpressing metastatic gastric or gastroesophageal junction adenocarcinoma.

Teva’s peers include Amgen (AMGN), AbbVie (ABBV), Novartis, Pfizer, Roche Holding, and Takeda Pharmaceuticals. Notably, the Generic Drugs ETF (GNRX) invests ~4.4% of its total portfolio in TEVA.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.