Why Teva Pharmaceutical Stock Is Jumping Today
Shares of Teva Pharmaceutical Industries (NYSE: TEVA) were jumping 5.7% as of 11:21 a.m. ET on Thursday. The solid gain came after the Israel-based drugmaker announced a new growth strategy.
Teva CEO Richard Francis said that this new strategy is based on four key pillars:
Francis maintained that focusing on these four areas will enable Teva to "gain momentum as a stronger, bolder, and simpler organization." The pharma stock had fallen nearly 11% year to date prior to today's news.
Source Fool.com
