Financial Report: Teva 2Q11
Teva reported $4.2 billion revenue for the second quarter of 2011, which is 11% higher than in the corresponding quarter last year.
Teva, the world's largest maker of generic drugs, posted Wednesday a set of financials for the second quarter.
The Israeli company’s global respiratory product sales totaled $240 million in the quarter, up 9%. Women's health product sales were $119 million, up 45% driven by Theramex product sales. In-market sales of Azilect reached a record $97 million in the quarter, up 38%, and in-market sales of Copaxone were a record $957 million, up 24%. API sales were $183 million, up 12%.
Exchange rate had a positive impact on sales in the quarter of approximately $222 million. Legal charges were $221 million related to settlements for at-risk launches of generic Lotrel and generic Neurontin.
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