Teva Pharmaceutical Industries Limited (NYSE:TEVA) is one of the best strong buy growth stocks to buy now. On August 28, Teva Pharmaceutical Industries Limited (NYSE:TEVA) announced the FDA approval and U.S. launch of Generic Saxenda, the first-ever generic GLP-1 indicated for weight loss, targeting the rising demand for this category of therapies in the US market.
Management reported that the Liraglutide injection is indicated for “adults with obesity or overweight (excess weight) who also have weight-related medical problems, and pediatric patients (12-17 years) with a weight greater than 60 kg and obesity to help them lose weight and keep the weight off.”
Ernie Richardsen, SVP, Head of U.S. Commercial Generics at Teva Pharmaceutical Industries Limited (NYSE:TEVA), stated that this marks “the fifth first-to-market entry of a Teva generic this year and is an important addition to Teva’s diverse complex generics portfolio, demonstrating once again our proven ability to sustain a world-class Generics Powerhouse.”
Teva Pharmaceutical Industries Limited (NYSE:TEVA) develops, produces, and sells medicines. Its operations are divided into the US, Europe, and International Markets geographical segments. Each business segment covers the entire product portfolio in that region, including specialty, generics, and over-the-counter (OTC) products.
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Disclosure: None. This article is originally published at Insider Monkey.
