Teva's TEV '408 shows promise in preventing gluten-induced intestinal damage in celiac disease, with positive Phase 2a study results.
Quiver AI Summary
Teva Pharmaceutical Industries Ltd. announced positive topline results from a Phase 2a study of TEV '408, a novel anti-IL-15 monoclonal antibody intended to treat celiac disease. The study found that TEV '408 significantly prevented gluten-induced intestinal damage compared to a placebo after a single dose, demonstrating safety with no adverse effects reported. This treatment could improve outcomes for celiac disease patients, who currently rely on strict gluten-free diets but often face ongoing symptoms. Teva plans to provide further details during an investor call and is advancing TEV '408 as a potential therapy for both celiac disease and vitiligo, backed by a strategic funding agreement to support its development.
Potential Positives
- TEV ‘408 demonstrated statistically significant and clinically meaningful prevention of gluten-induced intestinal damage in individuals with celiac disease, indicating strong potential efficacy.
- The product was well-tolerated with no safety signals observed, suggesting a favorable safety profile for further development.
- TEV ‘408's promising results in addressing a significant unmet medical need in celiac disease may enhance Teva's pipeline and position in the biopharmaceutical market.
- Teva's strategic funding agreement with Royalty Pharma allows for accelerated clinical development of TEV ‘408, indicating strong financial backing for the project's advancement.
Potential Negatives
- Despite positive topline results, the Phase 2a study involved only a small sample size of 50 participants, which may limit the generalizability of the findings.
- The press release includes a cautionary note regarding forward-looking statements, highlighting potential risks and uncertainties that could affect the future development and commercialization of TEV ‘408.
- There are currently no approved therapies for celiac disease, indicating a high level of competitive uncertainty in the market where TEV ‘408 is being developed.
FAQ
What is TEV '408 and its significance?
TEV '408 is a novel anti-IL-15 monoclonal antibody showing potential in preventing gluten-induced intestinal damage in celiac disease.
How did TEV '408 perform in clinical trials?
In a Phase 2a study, TEV '408 demonstrated statistically significant prevention of gluten-induced intestinal damage compared to placebo.
What are the safety results for TEV '408?
TEV '408 was well-tolerated with no safety signals observed, indicating a promising safety profile for patients.
When will Teva discuss the TEV '408 study results?
Teva will hold an investor call and webcast on September 2, 2026, at 8:00 a.m. ET to discuss the results.
What is the current treatment landscape for celiac disease?
Currently, a strict gluten-free diet is the only treatment for celiac disease, highlighting the need for innovative therapies like TEV '408.
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 27 times in the past 6 months. Of those trades, 0 have been purchases and 27 have been sales.
Here’s a breakdown of recent trading of $TEVA stock by insiders over the last 6 months:
- ELIYAHU SHARON KALIF (EVP, Chief Financial Officer) sold 106,563 shares for an estimated $3,633,308
- RICHARD DANIELL (EVP, Europe Commercial) has made 0 purchases and 4 sales selling 108,640 shares for an estimated $3,531,221.
- EVAN LIPPMAN (EVP, Business Development) has made 0 purchases and 3 sales selling 60,258 shares for an estimated $2,162,657.
- MARK SABAG (See "Remarks") sold 62,102 shares for an estimated $1,871,816
- RICHARD D FRANCIS (President and CEO) has made 0 purchases and 3 sales selling 49,571 shares for an estimated $1,604,957.
- ERIC A HUGHES (See "Remarks") has made 0 purchases and 3 sales selling 46,388 shares for an estimated $1,560,047.
- MATTHEW SHIELDS (EVP, Global Operations) has made 0 purchases and 3 sales selling 43,479 shares for an estimated $1,401,581.
- PLACID JOVER (See "Remarks") has made 0 purchases and 2 sales selling 26,977 shares for an estimated $895,458.
- CHRISTINE FOX (EVP, U.S. Commercial) has made 0 purchases and 2 sales selling 17,022 shares for an estimated $546,302.
- AMIR WEISS (Chief Accounting Officer) has made 0 purchases and 2 sales selling 9,445 shares for an estimated $355,301.
- BRIAN SAVAGE (Interim Chief Legal Officer) sold 1,127 shares for an estimated $35,690
- RONIT SATCHI-FAINARO sold 415 shares for an estimated $15,458
- TAL ZVI ZAKS sold 17 shares for an estimated $592
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$TEVA Congressional Stock Trading
Members of Congress have traded $TEVA stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $TEVA stock by members of Congress over the last 6 months:
- SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/30.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$TEVA Hedge Fund Activity
We have seen 357 institutional investors add shares of $TEVA stock to their portfolio, and 299 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MEITAV INVESTMENT HOUSE LTD added 9,947,045 shares (+inf%) to their portfolio in Q2 2026, for an estimated $337,005,884
- LINGOTTO INVESTMENT MANAGEMENT LLP removed 7,564,914 shares (-27.2%) from their portfolio in Q2 2026, for an estimated $256,299,286
- JPMORGAN CHASE & CO added 6,981,234 shares (+inf%) to their portfolio in Q2 2026, for an estimated $236,524,207
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added 6,593,221 shares (+inf%) to their portfolio in Q2 2026, for an estimated $223,378,327
- CITADEL ADVISORS LLC removed 3,847,855 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $115,897,392
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 3,775,221 shares (+6595.0%) to their portfolio in Q2 2026, for an estimated $127,904,487
- 1832 ASSET MANAGEMENT L.P. removed 3,718,454 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $111,999,834
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$TEVA Analyst Ratings
Wall Street analysts have issued reports on $TEVA in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Truist Securities issued a "Buy" rating on 04/30/2026
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 6 analysts offer price targets for $TEVA in the last 6 months, with a median target of $42.0.
Here are some recent targets:
- Glen Santangelo from Barclays set a target price of $40.0 on 05/06/2026
- Les Sulewski from Truist Securities set a target price of $45.0 on 04/30/2026
- David Amsellem from Piper Sandler set a target price of $42.0 on 04/30/2026
- Ashwani Verma from UBS set a target price of $42.0 on 04/30/2026
- Chris Schott from JP Morgan set a target price of $40.0 on 04/30/2026
- Jason Gerberry from B of A Securities set a target price of $42.0 on 04/09/2026
Full Release
- Teva-discovered TEV ‘408, a novel anti-IL-15 monoclonal antibody, demonstrated statistically significant and clinically meaningful prevention of gluten-induced intestinal damage vs placebo following a single subcutaneous dose.
- TEV ‘408 was well-tolerated with no safety signals observed to date.
-
Together with the vitiligo program, the celiac disease topline results further support TEV ‘408 as a potential pipeline-in-a-product opportunity in multiple diseases.
Teva will hold an investor call and live webcast today,
Wednesday, September 2, 2026, at 8:00 a.m. ET to discuss these data.
TEL AVIV, Israel, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today announced positive topline results from an ongoing Phase 2a study of TEV ‘408, an investigational anti-interleukin-15 monoclonal antibody, in adults with celiac disease. The study met its primary endpoint, demonstrating statistically significant and clinically meaningful prevention of gluten-induced intestinal damage versus placebo at week 8. TEV ‘408 was well-tolerated, with no safety signals observed to date.
“A strict gluten-free diet has long been the only option for people living with celiac disease. Yet, even with strict adherence to a gluten-free diet, many continue to experience symptoms, intestinal damage and a significant impact on their daily lives,” said Eric Hughes, MD, PhD, Executive Vice President, Global R&D and Chief Medical Officer at Teva . “These results underscore the potential to move beyond managing gluten exposure and address celiac disease at its biological source. They also strengthen our confidence in targeting the IL-15 pathway as an approach to reducing immune-driven intestinal damage.”
The ongoing randomized, placebo-controlled study enrolled 50 adult participants with celiac disease on a gluten-free diet (GFD) with minimal intestinal damage at baseline as measured by the villous height-to-crypt depth ratio (Vh:Cd ≥2.0) and symptoms. Two weeks after receiving a single dose of TEV ‘408, participants began a six-week daily gluten challenge (GC). The study assessed biopsy-based measures of intestinal damage and inflammation along with patient-reported symptoms. At week 8 (the end of the GC) TEV ‘408:
- Showed statistically significant and clinically meaningful prevention of gluten-induced intestinal damage versus placebo, as measured by the trial’s primary endpoint of Vh:Cd ratio with a least squares (LS) mean change from baseline of -0.43 compared with -0.88 for placebo (treatment difference of 0.45, 95% CI: (0.06, 0.84), p<0.05).
- Showed a favorable effect on intestinal inflammation as measured by density of intraepithelial lymphocytes (IELs) compared with placebo; the LS Mean change from baseline in the density of IELs, was an increase of 27.60 for placebo compared to 0.37 for TEV ‘408 treated participants (treatment difference of -27.23, 95% CI: (-39.67, -14.79)).
- Demonstrated lower GI symptom scores versus placebo, as assessed using the Celiac Disease Symptom Diary (CDSD), a patient-reported outcome (PRO).
-
Was well-tolerated with no emerging safety signals.
Additional analyses from the ongoing Phase 2a study are underway. Teva plans to present further data from the study at a future scientific meeting.
Teva Investor Call
Teva will hold an investor call and live webcast today, Wednesday, September 2, 2026, at 8:00 a.m. ET/ 2:00 p.m. CET to discuss these data. To participate, please register in advance
here
. To access a live webcast of the presentation, visit
Teva’s Investor Relations website
. An archived version of the webcast will be available 24 hours after the end of the live discussion.
About TEV ‘408
TEV ‘408, discovered by Teva, is an investigational human monoclonal antibody designed to inhibit interleukin-15 (IL-15), a cytokine involved in immune-mediated pathways. TEV ‘408 has a high affinity and potency (in vitro) with a prolonged half-life that supports the potential for convenient subcutaneous dosing.
TEV ‘408 is being studied as a potential therapy for celiac disease in a Phase 2a study and was granted Fast Track designation in that indication by the U.S. FDA in May 2025. By blocking IL-15 activity, TEV ‘408 aims to reduce the IL-15-driven intestinal inflammation and damage that are characteristic of celiac disease.
TEV ‘408 is also being evaluated in a Phase 1b study as a treatment for vitiligo. Following encouraging results from the ongoing Phase 1b study in vitiligo , Teva is advancing the investigational asset into a Phase 2b study in vitiligo. By blocking IL-15 activity, TEV ‘408 aims to reduce the immune-mediated destruction of melanocytes (pigment-producing cells) resulting in white patches on the skin characteristic of vitiligo.
Teva entered a strategic funding agreement with Royalty Pharma in January 2026. Under the agreement, Teva is eligible to receive up to $500 million to accelerate the clinical development of TEV ‘408. If approved and launched, Teva will pay a milestone to Royalty Pharma and a royalty on worldwide net sales of TEV ‘408.
About Celiac Disease
Celiac disease is a serious autoimmune disease in which exposure to gluten triggers an immune response that damages the small intestine. It affects approximately 1% of the global population, or more than three million people in the U.S. alone, although many individuals remain undiagnosed. Celiac disease can cause chronic digestive symptoms, fatigue, nutrient deficiencies, and other health complications that can significantly impact daily life.
There are currently no approved therapies for celiac disease. A strict gluten-free diet (GFD) remains the standard of care, yet even with careful adherence, patients may continue to experience symptoms, reduced quality of life, and ongoing intestinal inflammation or damage due to inadvertent gluten exposure. For people living with celiac disease, managing the condition often requires constant vigilance around meals, travel, work, and social activities, creating significant daily burden. The limitations of current management approaches underscore the need for therapies that address the underlying drivers of disease and improve outcomes for patients.
About
Teva
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is transforming into a leading innovative biopharmaceutical company, enabled by a world-class generics business. For over 120 years, Teva’s commitment to bettering health 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,” “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: our ability to successfully develop and commercialize TEV-’408 for the treatment of celiac disease and for the treatment of vitiligo; our ability to successfully compete in the marketplace, including our ability to develop and commercialize additional pharmaceutical products; our ability to successfully execute on our Pivot to Growth strategy, including to expand our innovative and biosimilar medicines pipeline and profitably commercialize our innovative medicines and biosimilar portfolio, whether organically or through business development; and other factors discussed in our Quarterly Report on Form 10-Q for the second quarter of 2026 and in our Annual Report on Form 10-K for the year ended December 31, 2025, including in the sections captioned “Risk Factors,” and “Forward-Looking Statements.” 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]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2392ceaa-b1f3-44a8-bd7e-4c775053e093