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Teva Pharmaceutical Industries Ltd. Second Quarter 2020 Results August 5, 2020
Teva Pharmaceutical Industries Ltd.
Second Quarter 2020 Results
August 5, 2020 Cautionary Note Regarding Forward-Looking Statements
This presentation 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.
Important factors that could cause or contribute to such differences include risks relating to:
•our ability to successfully compete in the marketplace, including: that we are substantially dependent on our generic product s; consolidation of our customer base and commercial alliances among our customers; the
increase in the number of competitors targeting generic opportunities and seeking U.S. market exclusivity for generic versions o f significant products; competition for our specialty products, especially COPAXONE®, our
leading medicine, which faces competition from existing and potential additional generic versions, competing glatiramer acetate products and orally -administered alternatives; the uncertainty of commercial success of
AJOVY® or AUSTEDO®; competition from companies with greater resources and capabilities; delays in launches of new products and our ability to achi eve expected results from investments in our product pipeline; ability
to develop and commercialize biopharmaceutical products; efforts of pharmaceutical companies to limit the use of generics, inclu ding through legislation and regulations and the effectiveness of our patents and other
measures to protect our intellectual property rights;
•our substantial indebtedness, which may limit our ability to incur additional indebtedness, engage in additional transactions or make new investments, may result in a further downgrade of our credit ratings; and our
inability to raise debt or borrow funds in amounts or on terms that are favorable to us;
•our business and operations in general, including: uncertainty regarding the magnitude, duration, and geographic reach of the COVID-19 pandemic and its impact on our business, financial condition, operations, cash
flows, and liquidity and on the economy in general; our ability to successfully execute and maintain the activities and effor ts related to the measures we have taken or may take in response to the COVID -19 pandemic and
associated costs therewith; effectiveness of our restructuring plan announced in December 2017; our ability to attract, hire and retain highly skilled personnel; our ability to develop and commercialize additional pharmaceutical products; compliance with anti -corruption sanctions and trade control laws; manufacturing or quality control problems; interruptions in our supply chain, including due to potential effects of the COVID -19
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