'No Meaningful Change' In Pricing Environment, Teva Says

Teva reported a drop in first quarter revenues that was smaller than expected on better sales from its specialty business. CEO Erez Vigodman claims the deal to acquire Allergan's generics business is on track to close in June and will transform Teva into an "even stronger company."

Erez Vigodman
Erez Vigodman • Source: Teva

Teva Pharmaceutical Industries Ltd. used its May 9 earnings call to play up the impact of the pending acquisition of Allergan PLC's generics business and reassure investors that the pricing environment remains sound.

Sigurdur Oli Olafsson, head of Teva's generics business, was scathing about some of his competitors during the first quarter sales...

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