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Teva Pharmaceutical Industries has gained 18% in the past month and 7% in recent weeks after the FDA approval and U.S. launch of its generic version of Saxenda. The company's shares are considered undervalued, with a fair value of $23.56, driven by growth projections and profit targets. However, debt constraints and potential price pressures on key branded drugs could challenge Teva's ability to deliver on these positive growth projections.
Teva Pharmaceutical Industries (NYSE: TEVA) has seen a significant uptick in its stock price, rising by 18% in the past month and 7% in recent weeks. This surge is largely attributed to the FDA approval and U.S. launch of its generic version of Saxenda, a GLP-1 indicated for weight loss. The approval marks the fifth first-to-market entry of a Teva generic this year, further solidifying its position as a world-class generics powerhouse [1].
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