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.

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Source Fool.com