Teva previews “Pivot to Growth” at the J.P. Morgan Healthcare Conference

Teva ($TEVA) said CEO Richard Francis will present at the 44th Annual J.P. Morgan Healthcare Conference on January 13, 2026 (8:15am PT). Teva plans to discuss:

* Progress on its “Pivot to Growth” strategy (generics cash flow funding innovation)

* Growth drivers from key brands AUSTEDO, AJOVY, and UZEDY

* Pipeline focus (including olanzapine LAI, DARI (ICS/SABA), duvakitug (anti-TL1A), emrusolmin, anti-IL-15)

* Expected 2025 performance and a forward-looking outlook for 2026 and beyond, including disciplined capital allocation and a goal of reaching an investment-grade credit profile

Why this matters for traders

* JPM Healthcare week is a major “management narrative” catalyst: guidance tone, KPIs, and pipeline timelines can move stocks quickly.

* Teva is leaning into a re-rating story: shifting mix toward higher-margin specialty brands plus pipeline, while highlighting free cash flow and deleveraging.

* Any commentary on 2026 growth, pipeline milestones, or capital allocation can spill over to peers in generics, specialty pharma, neurology, and immunology.

Winners

Turnaround pharma and cash-flow deleveraging stories

When a large pharma shows credible cost discipline, improving margins, and a path to lower leverage, investors often rotate into similar “cash flow plus catalysts” setups.

Names: $TEVA (Teva Pharmaceutical Industries Ltd.), $VTRS (Viatris Inc.)

Immunology and IBD pipeline momentum (TL1A and related themes)

Teva highlighting anti-TL1A (duvakitug) and immunology assets can boost sentiment for the broader IBD innovation trade, especially companies tied to hot targets and late-stage programs.

Names: $ROIV (Roivant Sciences Ltd.), $GILD (Gilead Sciences, Inc.

Neurology and movement-disorder franchise strength

Teva positioning AUSTEDO as a key growth engine keeps investor focus on durable, high-value neurology franchises. Strength in this category can lift the whole space (even with competition), especially around new data, guidance, and demand signals.

Names: $NBIX (Neurocrine Biosciences, Inc., $REGN (Regeneron Pharmaceuticals, Inc.

Losers

Migraine prevention competition (CGRP battlefield)

If Teva signals accelerating AJOVY momentum (scripts, share, or payer traction), it reinforces a tougher competitive environment where pricing pressure and share shifts can weigh on peers’ expectations at the margin.

Names: $LLY (Eli Lilly and Company), $AMGN (Amgen Inc.)

Long-acting injectable psychiatry competition

UZEDY commentary (uptake, payer wins, or expansion plans) can raise concerns about intensifying competition in long-acting psychiatry treatments and formulary positioning.

Names: $JNJ (Johnson & Johnson), $ALKS (Alkermes plc)

Higher-bar “balance sheet credibility” trade

When a large name emphasizes disciplined capital allocation and investment-grade intent, the market can become less forgiving toward leveraged or slower-growth pharma stories, creating relative underperformance risk during sector rotation.

Names: $BHC (Bausch Health Companies Inc.), $OGN (Organon & Co.)

Quick “what to watch” into the presentation

* Any change in 2026 tone: “flat to slightly down” vs “growth returning sooner” language

* Updates on pipeline timing (late-stage assets and milestones)

* Free cash flow trajectory and leverage targets (deleveraging pace drives valuation)

* Brand commentary: AUSTEDO, AJOVY, UZEDY demand and payer dynamics

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