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Overhauling Teva: Conversations With Jeremy Levin And Michael Hayden

 
• By Wendy Diller

Teva CEO Jeremy Levin and the CSO he hired, Michael Hayden, want to re-focus the company on innovative R&D and selective generics opportunities, and that means an overhaul of the R&D organization and new priorities for business development. Levin and Hayden spoke to IN VIVO about their goals and shaping these activities following a widely anticipated investor briefing on December 11 in New York City.

Since he became CEO of Teva Pharmaceutical Industries Ltd. last May, Jeremy Levin, DPhil, MB, has spent considerable time articulating his vision of a reshaped company. The overhaul is significant. After phenomenal growth, which saw Teva’s sales more than double since 2006, Levin and Teva’s board believed that the company had veered off course.

Not that Teva is in immediate danger. Its financials attest to its health, as Levin and others emphasize. But in...

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