Teva launches the first generic Saxenda® for weight loss, expanding its complex generics portfolio in the U.S. market.
Quiver AI Summary
Teva Pharmaceuticals has announced the FDA approval and U.S. launch of the first-ever generic version of Saxenda® (liraglutide injection), which is indicated for weight loss in adults and adolescents aged 12-17 with obesity or excess weight and related health issues. This generic offering aligns with Teva's strategy to expand its complex generic medicine portfolio, marking it as the company's fifth first-to-market entry of the year. Liraglutide injection assists patients in losing weight and maintaining that weight loss as part of a reduced-calorie diet and increased physical activity. The drug carries significant safety information, including potential thyroid tumors and pancreatitis risks, among others. Teva continues to focus on addressing patient needs while reinforcing its position in the pharmaceuticals market.
Potential Positives
- Teva Pharmaceuticals has achieved FDA approval and launched the first-ever generic GLP-1 product indicated for weight loss, enhancing market presence in a growing therapeutic category.
- This launch contributes to Teva’s complex generics portfolio and aligns with its Pivot to Growth Strategy, showcasing its commitment to innovation in generics.
- The approval represents Teva's fifth first-to-market generic product entry this year, highlighting the company's strong capabilities in the generics space.
- Saxenda® had significant annual sales of $165 million as of June 2025, indicating a substantial market opportunity for Teva's generic version.
Potential Negatives
- Concerns about serious side effects associated with liraglutide injection, including possible thyroid tumors and other severe complications, may deter patients and healthcare providers from its usage.
- The reliance on generic products may expose Teva to increased competition and price pressures in the market, raising concerns about the sustainability of its business model.
- Uncertainties surrounding the commercial success of the generic version of Saxenda® could affect investor confidence and impact stock performance.
FAQ
What is the significance of the generic Saxenda® launch?
The launch marks the first-ever generic GLP-1 product indicated for weight loss in the U.S.
Who is eligible for Liraglutide Injection?
Liraglutide Injection is for adults with obesity or overweight and pediatric patients aged 12-17 with obesity.
What are the potential side effects of Liraglutide Injection?
Side effects may include nausea, low blood sugar, pancreatitis, and increased heart rate, among others.
How does Liraglutide Injection work for weight loss?
Liraglutide Injection works by combining with a reduced calorie diet and increased physical activity to reduce body weight.
What is Teva's commitment regarding generic medicine?
Teva is dedicated to enhancing its complex generic medicine portfolio as part of its Pivot to Growth Strategy.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TEVA Insider Trading Activity
$TEVA insiders have traded $TEVA stock on the open market 21 times in the past 6 months. Of those trades, 0 have been purchases and 21 have been sales.
Here’s a breakdown of recent trading of $TEVA stock by insiders over the last 6 months:
- MARK SABAG (See "Remarks") sold 337,915 shares for an estimated $6,097,304
- RICHARD DANIELL (Exec. VP, European Commercial) has made 0 purchases and 10 sales selling 273,583 shares for an estimated $4,345,473.
- ERIC A HUGHES (See "Remarks") has made 0 purchases and 5 sales selling 100,893 shares for an estimated $1,566,494.
- ELIYAHU SHARON KALIF (EVP, Chief Financial Officer) sold 55,775 shares for an estimated $952,464
- RICHARD D FRANCIS (President and CEO) has made 0 purchases and 2 sales selling 23,773 shares for an estimated $375,533.
- MATTHEW SHIELDS (EVP, Global Operations) sold 6,206 shares for an estimated $105,627
- PLACID JOVER (See "Remarks") sold 6,053 shares for an estimated $91,748
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TEVA Hedge Fund Activity
We have seen 250 institutional investors add shares of $TEVA stock to their portfolio, and 305 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 24,606,400 shares (-29.7%) from their portfolio in Q2 2025, for an estimated $412,403,264
- HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. added 11,334,780 shares (+51.4%) to their portfolio in Q2 2025, for an estimated $189,970,912
- PHOENIX FINANCIAL LTD. added 10,296,872 shares (+37.5%) to their portfolio in Q2 2025, for an estimated $172,575,574
- MENORA MIVTACHIM HOLDINGS LTD. added 9,303,978 shares (+31.9%) to their portfolio in Q2 2025, for an estimated $155,934,671
- SOUNDWATCH CAPITAL LLC added 8,564,012 shares (+inf%) to their portfolio in Q2 2025, for an estimated $143,532,841
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 6,990,407 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $107,442,555
- POINTSTATE CAPITAL LP added 5,580,910 shares (+36.9%) to their portfolio in Q2 2025, for an estimated $93,536,051
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TEVA Analyst Ratings
Wall Street analysts have issued reports on $TEVA in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- UBS issued a "Buy" rating on 06/26/2025
- Goldman Sachs issued a "Buy" rating on 06/06/2025
- Truist Securities issued a "Buy" rating on 05/28/2025
- JP Morgan issued a "Overweight" rating on 05/12/2025
- B of A Securities issued a "Buy" rating on 05/08/2025
To track analyst ratings and price targets for $TEVA, check out Quiver Quantitative's $TEVA forecast page.
$TEVA Price Targets
Multiple analysts have issued price targets for $TEVA recently. We have seen 5 analysts offer price targets for $TEVA in the last 6 months, with a median target of $23.0.
Here are some recent targets:
- Ashwani Verma from UBS set a target price of $23.0 on 06/26/2025
- Matt Dellatorre from Goldman Sachs set a target price of $24.0 on 06/06/2025
- Les Sulewski from Truist Securities set a target price of $25.0 on 05/28/2025
- Chris Schott from JP Morgan set a target price of $23.0 on 05/12/2025
- Jason Gerberry from B of A Securities set a target price of $22.0 on 05/08/2025
Full Release
- Generic Saxenda ® is the first-ever generic GLP-1 indicated for weight loss, addressing increased demand for this category of therapies in the U.S. market.
- This approval and launch add to Teva’s continued commitment to its complex generic medicine portfolio as part of its Pivot to Growth Strategy.
- 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.
PARSIPPANY, N.J., Aug. 28, 2025 (GLOBE NEWSWIRE) -- Teva Pharmaceuticals, Inc., a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA), announced today the FDA approval and U.S. launch of a generic version of Saxenda ®1 (liraglutide injection).
“With this approval, and by launching a generic for Saxenda ® (liraglutide injection), we will provide patients in the U.S. the first ever generic GLP-1 product specifically indicated for weight loss,” said Ernie Richardsen, SVP, Head of U.S. Commercial Generics at Teva. “This is 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.”
Saxenda ® had annual sales of $165 million as of June 2025. 2
What is Liraglutide Injection?
Liraglutide Injection is a glucagon like peptide 1 (GLP-1) receptor agonist indicated in combination with a reduced calorie diet and increased physical activity to reduce excess body weight and maintain weight reduction long term in:
- Adults and pediatric patients aged 12 years and older with body weight greater than 60 kg and obesity.
- Adults with overweight in the presence of at least one weight-related comorbid condition.
- Liraglutide injection should be used with a reduced calorie diet and increased physical activity.
- Liraglutide injection is not recommended for people who also take liraglutide or other medicines called glucagon-like peptide-1 (GLP-1) receptor agonists.
- It is not known if liraglutide injection is safe and effective in children under 12 years of age.
- It is not known if liraglutide injection is safe and effective in children aged 12 to 17 years with type 2 diabetes.
IMPORTANT SAFETY INFORMATION
What is the most important information I should know about liraglutide injection?
Serious side effects may happen in people who take liraglutide injection, including:
Possible thyroid tumors, including cancer.
Tell your healthcare provider if you get a lump or swelling in your neck, hoarseness, trouble swallowing, or shortness of breath. These may be symptoms of thyroid cancer. In studies with rats and mice, liraglutide injection and medicines that work like liraglutide injection caused thyroid tumors, including thyroid cancer. It is not known if liraglutide injection will cause thyroid tumors or a type of thyroid cancer called medullary thyroid carcinoma (MTC) in people.
Do not use
liraglutide injection if you or any of your family have ever had a type of thyroid cancer called medullary thyroid carcinoma (MTC), or if you have an endocrine system condition called Multiple Endocrine Neoplasia syndrome type 2 (MEN 2).
Who should not take liraglutide injection?
Do not receive liraglutide injection if:
- you or any of your family have ever had a type of thyroid cancer called medullary thyroid carcinoma (MTC) or if you have an endocrine system condition called Multiple Endocrine Neoplasia syndrome type 2 (MEN 2).
- you have had a serious allergic reaction to liraglutide or any of the ingredients in liraglutide injection. See “ What are the possible side effects of liraglutide injection? ” for symptoms of a serious allergic reaction.
Before taking liraglutide injection tell your healthcare provider about all of your medical conditions, including if you:
- have or have had problems with your pancreas
- have severe problems with your stomach, such as slowed emptying of your stomach (gastroparesis) or problems with digesting food.
- are scheduled to have surgery or other procedures that use anesthesia or deep sleepiness (deep sedation).
- have or have had depression or suicidal thoughts, or mental health issues.
- are breastfeeding or plan to breastfeed. It is not known if liraglutide passes into your breast milk. You and your healthcare provider should decide if you will use liraglutide injection or breastfeed.
Tell your healthcare provider about all the medicines you take, including prescription and over-the-counter medicines, vitamins, and herbal supplements. Liraglutide injection may affect the way some medicines work and some other medicines may affect the way liraglutide injection works.
Tell your healthcare provider if you take diabetes medicines, especially insulin and sulfonylurea medicines. Talk with your healthcare provider if you are not sure if you take any of these medicines. Know the medicines you take. Keep a list to show your healthcare provider and pharmacist when you get a new medicine.
What are the possible side effects of liraglutide injection?
Liraglutide Injection may cause serious side effects, including:
- inflammation of the pancreas (pancreatitis). Stop using liraglutide injection and call your healthcare provider right away if you have severe pain in your stomach area (abdomen) that will not go away, with or without vomiting. You may feel the pain from your stomach area (abdomen) to your back
- increased risk of low blood sugar (hypoglycemia) in adults with type 2 diabetes especially those who also take medicines to treat type 2 diabetes mellitus such as an insulin or a sulfonylureas and in children who are 12 years of age and older without type 2 diabetes mellitus. Low blood sugar in patients with adults with type 2 diabetes and in children without type 2 diabetes mellitus who receive liraglutide injection can be both a serious and common side effect. Talk to your healthcare provider about how to recognize and treat low blood sugar. You should check your blood sugar before you start taking liraglutide injection and while you take liraglutide injection.
- Signs and symptoms of low blood sugar may include:
-
dizziness or light-headedness
-
sweating
-
confusion or drowsiness
-
headache
-
blurred vision
-
slurred speech
-
shakiness
-
fast heartbeat
-
anxiety, irritability, or mood changes
-
hunger
-
weakness
- feeling jittery
Talk to your healthcare provider about how to recognize and treat low blood sugar. You should check your blood sugar before you start taking liraglutide injection and while you take liraglutide injection.
- increased heart rate. Liraglutide injection can increase your heart rate while you are at rest. Your healthcare provider should check your heart rate while you take liraglutide injection. Tell your healthcare provider if you feel your heart racing or pounding in your chest and it lasts for several minutes.
- dehydration leading to kidney problems. Diarrhea, nausea, and vomiting may cause a loss of fluids (dehydration) which may cause kidney problems. It is important for you to drink fluids to help reduce your chance of dehydration. Tell your healthcare provider right away if you have nausea, vomiting, or diarrhea that does not go away
-
severe stomach problems. Stomach problems, sometimes severe, have been reported in people who use liraglutide injection. Tell your healthcare provider if you have stomach problems that are severe or will not go away.
- serious allergic reactions. Stop using liraglutide injection, and get medical help right away if you have any symptoms of a serious allergic reaction including:
-
swelling of your face, lips, tongue, or throat
-
problems breathing or swallowing
-
severe rash or itching
-
fainting or feeling dizzy
-
very rapid heartbeat
- gallbladder problems. Liraglutide injection may cause gallbladder problems including gallstones. Some gallbladder problems need surgery. Call your healthcare provider if you have any of the following symptoms:
-
pain in your upper stomach (abdomen)
-
fever
-
yellowing of your skin or eyes (jaundice)
-
clay-colored stools
-
depression or thoughts of suicide. You should pay attention to any mental changes, especially sudden changes, in your mood, behaviors, thoughts, or feelings. Call your healthcare provider right away if you have any mental changes that are new, worse, or worry you.
- food or liquid getting into the lungs during surgery or other procedures that use anesthesia or deep sleepiness (deep sedation). Liraglutide injection may increase the chance of food getting into your lungs during surgery or other procedures. Tell all your healthcare providers that you are taking liraglutide injection before you are scheduled to have surgery or other procedures.
The most common side effects of liraglutide injection in adults include:
-
nausea
-
diarrhea
-
constipation
-
vomiting
-
injection site reaction
-
low blood sugar (hypoglycemia)
-
headache
-
upset stomach (dyspepsia)
-
tiredness (fatigue)
-
dizziness
-
stomach pain
- change in enzyme (lipase) levels in your blood
Additional common side effects in children are fever and gastroenteritis.
Talk to your healthcare provider if you have any side effect that bothers you or that does not go away.
These are not all the possible side effects of liraglutide injection. Call your doctor for medical advice about side effects. You may report side effects to FDA at 1-800-FDA-1088.
Please read the Medication Guide in the full Prescribing Information , including Boxed Warning.
About
Teva
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is a leading innovative biopharmaceutical company, enabled by a world-class generics business. For over 120 years, Teva’s commitment has never wavered. From innovating in the fields of neuroscience and immunology to providing complex generic medicines, biosimilars and pharmacy brands worldwide, Teva is dedicated to addressing patients’ needs, now and in the future. At Teva, We Are All In For Better Health. To learn more about how, visit
www.tevapharm.com
.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on management’s current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause our future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements. You can identify these forward-looking statements by the use of words such as “should,” “expect,” “anticipate,” “estimate,” “target,” “may,” “project,” “guidance,” “intend,” “plan,” “believe” and other words and terms of similar meaning and expression in connection with any discussion of future operating or financial performance. Important factors that could cause or contribute to such differences include risks relating to: the development, launch and commercial success of our generic version to Saxenda
®
(liraglutide injection); our ability to successfully compete in the marketplace, including that we are substantially dependent on our generic products; concentration of our customer base and commercial alliances among our customers; competition faced by our generic medicines from other pharmaceutical companies and changes in regulatory policy that may result in additional costs and delays; delays in launches of new generic products; our ability to develop and commercialize additional pharmaceutical products; our ability to successfully execute our Pivot to Growth strategy, including to expand our innovative and biosimilar medicines pipeline and profitably commercialize the innovative medicines and biosimilar portfolio, whether organically or through business development; and other factors discussed in this press release, in our Quarterly Report on Form 10-Q for the second quarter of 2025 and in our Annual Report on Form 10-K for the year ended December 31, 2024, including in the section captioned “Risk Factors.” 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 contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements.
Teva Media Inquiries:
[email protected]
Teva Investor Relations Inquiries:
[email protected]
1 Saxenda ® is a registered trademark of Novo Nordisk.
2 According to IQVIA data