Wednesday, December 5, 2012

With Teva at crossroads, new CEO set to unveil vision

With Teva at crossroads, new CEO set to unveil vision

A building belonging to Teva, Israel's largest company with a market value of about $57 billion, is seen in JerusalemNEW YORK/TEL AVIV (Reuters) - Teva Pharmaceutical Industries' new Chief Executive Jeremy Levin has promised investors it will be a very different company going forward. Next week he has to prove it. Levin's ability to paint a bright future for the world's biggest maker of generic drugs at a meeting with investors and analysts on December 11 in New York became a bit more difficult last week, when Teva issued a 2013 earnings forecast that fell short of Wall Street estimates. ...



Source: news.yahoo.com

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