Supplying medicines to treat a wide range of conditions
From cholesterol reducers and antibiotics to anti infectives and pain relievers
Focusing on MS, cancer, Parkinson’s, asthma, pain and more
Bringing hope to patients and choice for healthcare professionals
With over 400 molecules across our range of generic medicines, Teva is the largest supplier of medicines to the NHS.1 At a global level, Teva has one of the broadest medicines pipelines in the industry.
That means we can be in a strong position to bring generic versions of branded medicines to market on the first day of patent protection ending. Generic medicines are typically sold at a substantially lower price to their branded medicine counterparts, as the development process is generally less costly.Generic medicines bring significant savings to the NHS medicines bill – estimates are that generic medicines save the NHS over £13 billion every year, compared to the cost if their branded equivalents had been dispensed.2 This frees up valuable NHS budgets.
The New Therapeutic Entity (NTE) Programme is aimed at identifying and developing new specialty medicines that provide genuine advances on existing therapies by formulating, delivering or using them in a novel way.
The aim is for this process to generate new specialty products that address an unmet patient need, are based on a known molecule, are formulated, delivered, or used in a novel way.
Examples that are currently being considered include abuse-deterrent opioid tablets for the management of pain, and once-a-month injections to treat certain conditions where currently injections are given daily.
Through the programme, we aim to have identified 50 new products by 2020 and have submitted a number of these for regulatory approval.
1 Data on file
2 http://www.thetimes.co.uk/tto/health/news/article4570428.ece accessed 18.03.16
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