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Healthcare - Drug Manufacturers - Specialty & Generic - NYSE - IL
$ 16.43
-1.91 %
$ 18.6 B
Market Cap
-19.33
P/E
1. INTRINSIC VALUE

Teva Pharmaceutical Industries Limited, a pharmaceutical company, develops, manufactures, markets, and distributes generic medicines, specialty medicines, and biopharmaceutical products in North America, Europe, and internationally. The company offers sterile products, hormones, high-potency drugs, and cytotoxic substances in various dosage forms, including tablets, capsules, injectables, inhalants, liquids, transdermal patches, ointments, and creams. It also develops, manufactures, and sells active pharmaceutical ingredients. In addition, it focuses on the central nervous system, pain, respiratory, and oncology areas. Its products in the central nervous system include Copaxone for the treatment of relapsing forms of multiple sclerosis; AJOVY for the preventive treatment of migraine; and AUSTEDO for the treatment of tardive dyskinesia and chorea associated with Huntington disease.[ Read More ]

The intrinsic value of one TEVA stock under the base case scenario is HIDDEN Compared to the current market price of 16.4 USD, Teva Pharmaceutical Industries Limited is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TEVA

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FINANCIALS
15.8 B REVENUE
6.17%
433 M OPERATING INCOME
-84.52%
-615 M NET INCOME
74.44%
1.37 B OPERATING CASH FLOW
-13.96%
968 M INVESTING CASH FLOW
47.56%
-1.91 B FINANCING CASH FLOW
-28.65%
4.33 B REVENUE
4.08%
-51 M OPERATING INCOME
-6.27%
-437 M NET INCOME
48.28%
693 M OPERATING CASH FLOW
65.00%
268 M INVESTING CASH FLOW
292.81%
0 FINANCING CASH FLOW
100.00%
Balance Sheet Decomposition Teva Pharmaceutical Industries Limited
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Current Assets 12.5 B
Cash & Short-Term Investments 3.23 B
Receivables 3.41 B
Other Current Assets 5.85 B
Non-Current Assets 31 B
Long-Term Investments 8 M
PP&E 6.15 B
Other Non-Current Assets 24.8 B
Current Liabilities 12.2 B
Accounts Payable 2.6 B
Short-Term Debt 1.77 B
Other Current Liabilities 7.88 B
Non-Current Liabilities 23.1 B
Long-Term Debt 18.5 B
Other Non-Current Liabilities 4.62 B
EFFICIENCY
Earnings Waterfall Teva Pharmaceutical Industries Limited
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Revenue 15.8 B
Cost Of Revenue 8.2 B
Gross Profit 7.65 B
Operating Expenses 4.45 B
Operating Income 433 M
Other Expenses 1.05 B
Net Income -615 M
RATIOS
48.25% GROSS MARGIN
48.25%
2.73% OPERATING MARGIN
2.73%
-3.53% NET MARGIN
-3.53%
-7.45% ROE
-7.45%
-1.29% ROA
-1.29%
1.57% ROIC
1.57%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Teva Pharmaceutical Industries Limited
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Net Income -615 M
Depreciation & Amortization 1.15 B
Capital Expenditures -526 M
Stock-Based Compensation 121 M
Change in Working Capital -72 M
Others -574 M
Free Cash Flow 842 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Teva Pharmaceutical Industries Limited
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Wall Street analysts predict an average 1-year price target for TEVA of $21.3 , with forecasts ranging from a low of $14 to a high of $26 .
TEVA Lowest Price Target Wall Street Target
14 USD -14.79%
TEVA Average Price Target Wall Street Target
21.3 USD 29.84%
TEVA Highest Price Target Wall Street Target
26 USD 58.25%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.085 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Teva Pharmaceutical Industries Limited
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
12 M USD 5
6-9 MONTHS
8.27 M USD 8
9-12 MONTHS
393 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
3 months ago
Aug 12, 2024
Sell 1.71 M USD
Daniell Richard
Exec. VP, European Commercial
- 98943
17.2973 USD
3 months ago
Aug 09, 2024
Sell 70.2 K USD
Grant Angus
EVP, Business Development
- 4065
17.28 USD
3 months ago
Aug 09, 2024
Sell 783 K USD
Hughes Eric A
See "Remarks"
- 45060
17.3762 USD
3 months ago
Aug 01, 2024
Sell 423 K USD
Hughes Eric A
See "Remarks"
- 24537
17.2507 USD
5 months ago
Jun 18, 2024
Sell 8.84 M USD
MIGNONE ROBERTO
Director
- 519000
17.03 USD
6 months ago
May 15, 2024
Sell 260 K USD
Weiss Amir
Chief Accounting Officer
- 15500
16.8011 USD
6 months ago
May 16, 2024
Sell 210 K USD
Weiss Amir
Chief Accounting Officer
- 12635
16.6503 USD
6 months ago
May 13, 2024
Sell 255 K USD
Conway Vikki L
See "Remarks"
- 15219
16.7427 USD
8 months ago
Mar 06, 2024
Sell 1.05 M USD
Kalif Eliyahu Sharon
EVP, Chief Financial Officer
- 77550
13.5154 USD
8 months ago
Mar 05, 2024
Sell 352 K USD
Daniell Richard
Exec. VP, European Commercial
- 26053
13.5154 USD
8 months ago
Mar 05, 2024
Sell 305 K USD
Daniell Richard
Exec. VP, European Commercial
- 22576
13.5154 USD
8 months ago
Mar 05, 2024
Sell 19.3 K USD
Conway Vikki L
See "Remarks"
- 1427
13.5154 USD
8 months ago
Mar 05, 2024
Sell 1.35 M USD
Sabag Mark
EVP, International Markets
- 100000
13.5209 USD
8 months ago
Mar 04, 2024
Sell 27.3 K USD
Conway Vikki L
See "Remarks"
- 2042
13.3733 USD
8 months ago
Mar 04, 2024
Sell 19.9 K USD
Conway Vikki L
See "Remarks"
- 1490
13.3733 USD
8 months ago
Mar 04, 2024
Sell 414 K USD
Francis Richard D
President and CEO
- 31061
13.3373 USD
8 months ago
Mar 04, 2024
Sell 447 K USD
Daniell Richard
Exec. VP, European Commercial
- 33512
13.3373 USD
8 months ago
Mar 04, 2024
Sell 107 K USD
Hughes Eric A
See "Remarks"
- 8045
13.3373 USD
8 months ago
Feb 28, 2024
Sell 129 K USD
Drape Eric
Executive VP Global Operations
- 9815
13.116 USD
8 months ago
Feb 28, 2024
Sell 270 K USD
Daniell Richard
Exec. VP, European Commercial
- 20599
13.116 USD
8 months ago
Feb 28, 2024
Sell 17.9 K USD
Conway Vikki L
See "Remarks"
- 1366
13.116 USD
9 months ago
Feb 16, 2024
Sell 2.26 M USD
Drape Eric
Executive VP Global Operations
- 173261
13.0549 USD
9 months ago
Feb 15, 2024
Sell 980 K USD
Francis Richard D
President and CEO
- 74530
13.1514 USD
9 months ago
Feb 01, 2024
Sell 393 K USD
Weiss Amir
Chief Accounting Officer
- 31766
12.3703 USD
1 year ago
Aug 07, 2023
Sell 342 K USD
Kalif Eliyahu Sharon
EVP, Chief Financial Officer
- 35125
9.7335 USD
1 year ago
Aug 04, 2023
Sell 19.7 K USD
Weiss Amir
Chief Accounting Officer
- 1981.41
9.921 USD
1 year ago
Aug 01, 2023
Sell 438 K USD
Hughes Eric A
See "Remarks"
- 52742
8.2987 USD
1 year ago
Mar 06, 2023
Sell 164 K USD
Stark David Matthew
Exec. VP Chief Legal Officer
- 16491
9.9309 USD
1 year ago
Mar 07, 2023
Sell 466 K USD
Stark David Matthew
Exec. VP Chief Legal Officer
- 49475
9.4279 USD
1 year ago
Mar 06, 2023
Sell 15.6 K USD
Drape Eric
Executive VP Global Operations
- 1566
9.9309 USD
1 year ago
Mar 07, 2023
Sell 44.3 K USD
Drape Eric
Executive VP Global Operations
- 4699
9.4279 USD
1 year ago
Mar 06, 2023
Sell 192 K USD
Dethlefs Sven
EVP, North America Commercial
- 19355
9.9309 USD
1 year ago
Mar 07, 2023
Sell 547 K USD
Dethlefs Sven
EVP, North America Commercial
- 58066
9.4279 USD
1 year ago
Mar 06, 2023
Sell 179 K USD
Daniell Richard
Exec. VP, European Commercial
- 18002
9.9309 USD
1 year ago
Mar 07, 2023
Sell 509 K USD
Daniell Richard
Exec. VP, European Commercial
- 54007
9.4279 USD
1 year ago
Feb 28, 2023
Sell 444 K USD
Stark David Matthew
Exec. VP Chief Legal Officer
- 44953
9.8866 USD
1 year ago
Feb 28, 2023
Sell 236 K USD
Drape Eric
Executive VP Global Operations
- 23888
9.8866 USD
1 year ago
Feb 28, 2023
Sell 96.9 K USD
Drape Eric
Executive VP Global Operations
- 9797
9.8866 USD
1 year ago
Feb 28, 2023
Sell 418 K USD
Dethlefs Sven
EVP, North America Commercial
- 42309
9.8866 USD
1 year ago
Feb 28, 2023
Sell 234 K USD
Daniell Richard
Exec. VP, European Commercial
- 23654
9.8866 USD
1 year ago
Feb 28, 2023
Sell 204 K USD
Daniell Richard
Exec. VP, European Commercial
- 20598
9.8866 USD
2 years ago
Aug 22, 2022
Sell 559 K USD
Kalif Eliyahu Sharon
EVP, Chief Financial Officer
- 55500
10.0666 USD
2 years ago
Jul 28, 2022
Sell 526 K USD
Stark David Matthew
Exec. VP Chief Legal Officer
- 58163
9.0365 USD
2 years ago
May 17, 2022
Sell 1.07 M USD
Fridriksdottir Hafrun
Executive VP, Global R&D
- 130000
8.2159 USD
2 years ago
Mar 04, 2022
Sell 66.7 K USD
Stark David Matthew
Exec. VP Chief Legal Officer
- 9057
7.3667 USD
2 years ago
Mar 04, 2022
Sell 46.7 K USD
Stark David Matthew
Exec. VP Chief Legal Officer
- 6246
7.4825 USD
2 years ago
Mar 04, 2022
Sell 127 K USD
Stark David Matthew
Exec. VP Chief Legal Officer
- 17008
7.4825 USD
2 years ago
Mar 04, 2022
Sell 65.9 K USD
Fridriksdottir Hafrun
Executive VP, Global R&D
- 8941
7.3667 USD
2 years ago
Mar 04, 2022
Sell 49.5 K USD
Fridriksdottir Hafrun
Executive VP, Global R&D
- 6618
7.4825 USD
2 years ago
Mar 04, 2022
Sell 135 K USD
Fridriksdottir Hafrun
Executive VP, Global R&D
- 18020
7.4825 USD
2 years ago
Mar 04, 2022
Sell 128 K USD
Drape Eric
Executive VP Global Operations
- 17157
7.4825 USD
2 years ago
Mar 04, 2022
Sell 29.2 K USD
Dethlefs Sven
EVP, North America Commercial
- 3904
7.4825 USD
2 years ago
Mar 07, 2022
Sell 166 K USD
Daniell Richard
Exec. VP, European Commercial
- 22576
7.3667 USD
2 years ago
Mar 04, 2022
Sell 153 K USD
Daniell Richard
Exec. VP, European Commercial
- 20456
7.4825 USD
2 years ago
Mar 04, 2022
Sell 119 K USD
Daniell Richard
Exec. VP, European Commercial
- 15920
7.4825 USD
2 years ago
Feb 28, 2022
Sell 52.5 K USD
Stark David Matthew
Exec. VP Chief Legal Officer
- 6452
8.1422 USD
2 years ago
Feb 28, 2022
Sell 43.2 K USD
Shani Eli
EVP,Global Marketing&Portfolio
- 5311
8.1422 USD
2 years ago
Feb 28, 2022
Sell 61.8 K USD
Fridriksdottir Hafrun
Executive VP, Global R&D
- 7590
8.1422 USD
2 years ago
Feb 28, 2022
Sell 79.8 K USD
Drape Eric
Executive VP Global Operations
- 9797
8.1422 USD
2 years ago
Feb 28, 2022
Sell 39.6 K USD
Dethlefs Sven
EVP, North America Commercial
- 4862
8.1422 USD
2 years ago
Feb 28, 2022
Sell 168 K USD
Daniell Richard
Exec. VP, European Commercial
- 20598
8.1422 USD
2 years ago
Feb 09, 2022
Sell 55.4 K USD
Stark David Matthew
Exec. VP Chief Legal Officer
- 6110
9.0602 USD
2 years ago
Feb 09, 2022
Sell 55.4 K USD
Fridriksdottir Hafrun
Executive VP, Global R&D
- 6116
9.0602 USD
2 years ago
Feb 09, 2022
Sell 32.5 K USD
Drape Eric
Executive VP Global Operations
- 3583
9.0605 USD
2 years ago
Feb 09, 2022
Sell 37.5 K USD
Dethlefs Sven
EVP, North America Commercial
- 4138
9.0602 USD
2 years ago
Feb 09, 2022
Sell 119 K USD
Daniell Richard
Exec. VP, European Commercial
- 13135
9.0605 USD
3 years ago
Aug 10, 2021
Sell 506 K USD
Fridriksdottir Hafrun
Executive VP, Global R&D
- 50860
9.9493 USD
3 years ago
May 21, 2021
Sell 440 K USD
Drape Eric
Executive VP Global Operations
- 40000
11.008 USD
3 years ago
May 11, 2021
Sell 387 K USD
Stark David Matthew
Exec. VP Chief Legal Officer
- 37884
10.2187 USD
3 years ago
May 11, 2021
Sell 195 K USD
Fridriksdottir Hafrun
Executive VP, Global R&D
- 19066
10.2187 USD
3 years ago
May 11, 2021
Sell 202 K USD
Drape Eric
Executive VP Global Operations
- 19804
10.2208 USD
3 years ago
Mar 16, 2021
Sell 1.43 M USD
Sabag Mark
See "Remarks" below
- 127244
11.2195 USD
3 years ago
Mar 04, 2021
Sell 147 K USD
Stark David Matthew
Exec. VP Chief Legal Officer
- 13930
10.5661 USD
3 years ago
Mar 04, 2021
Sell 78.9 K USD
O'Grady Brendan P.
EVP, North America Commercial
- 7469
10.5661 USD
3 years ago
Mar 05, 2021
Sell 121 K USD
O'Grady Brendan P.
EVP, North America Commercial
- 11436
10.5439 USD
3 years ago
Mar 04, 2021
Sell 7.59 K USD
O'Grady Brendan P.
EVP, North America Commercial
- 703
10.8 USD
3 years ago
Mar 04, 2021
Sell 137 K USD
Nazzi Gianfranco
EVP, International Markets
- 12935
10.5844 USD
3 years ago
Mar 04, 2021
Sell 101 K USD
Fridriksdottir Hafrun
Executive VP, Global R&D
- 9515
10.5661 USD
3 years ago
Mar 04, 2021
Sell 65.4 K USD
Drape Eric
Executive VP Global Operations
- 6183
10.5844 USD
3 years ago
Mar 04, 2021
Sell 63.5 K USD
Dethlefs Sven
EVP Global Marketing&Portfolio
- 6012
10.5661 USD
3 years ago
Mar 04, 2021
Sell 79.5 K USD
Daniell Richard
Exec. VP, European Commercial
- 7513
10.5844 USD
3 years ago
Mar 03, 2021
Sell 5.03 K USD
O'Grady Brendan P.
EVP, North America Commercial
- 463
10.8626 USD
3 years ago
Mar 02, 2021
Sell 164 K USD
O'Grady Brendan P.
EVP, North America Commercial
- 15085
10.8453 USD
7. News
Teva to Present at the Jefferies London Healthcare Conference TEL AVIV, Israel, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today announced that Richard Francis, Teva's President and CEO, will present at the Jefferies London Healthcare Conference on Tuesday, November 19, 2024. The presentation will begin at 8:30 A.M. Greenwich Mean Time (3.30 A.M. Eastern Time). globenewswire.com - 1 week ago
Are Investors Undervaluing Teva Pharmaceutical Industries (TEVA) Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. zacks.com - 1 week ago
TEVA Stock Down 7% Despite Q3 Earnings & Sales Beat, Guidance Increase TEVA reports better-than-expected third-quarter results, beating both earnings and sales estimates. However, the stock declines 7%. zacks.com - 1 week ago
Teva Pharmaceutical Industries Limited (TEVA) Q3 2024 Earnings Call Transcript Teva Pharmaceutical Industries Limited (NYSE:TEVA ) Q3 2024 Earnings Conference Call November 6, 2024 8:00 AM ET Company Participants Richard Francis - President & CEO Eli Kalif - CFO Eric Hughes - Head of R&D & Chief Medical Officer Ran Meir - SVP, head of IR Conference Call Participants Umer Raffat - Evercore ISI Balaji Prasad - Barclays David Amsellem - Piper Sandler Jason Gerberry - Bank of America Chris Schott - J.P. Morgan Ash Verma - UBS Yifeng Liu - HSBC Operator Hello, and welcome to the Q3 2024 Teva Pharmaceuticals Industries Limited Earnings Conference Call. seekingalpha.com - 1 week ago
Teva Pharmaceutical Industries (TEVA) Reports Q3 Earnings: What Key Metrics Have to Say While the top- and bottom-line numbers for Teva Pharmaceutical Industries (TEVA) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 1 week ago
Teva Pharm CEO says will work productively with Trump administration Teva Pharmaceutical Industries expects to work productively with the incoming Trump administration in the United States, chief executive Richard Francis said on Wednesday. reuters.com - 1 week ago
Teva Pharmaceutical third-quarter profit, revenue top estimates Teva Pharmaceutical Industries reported a larger than expected rise in third-quarter profit, boosted by strong sales of copycat medicines and its branded drugs to treat migraines and Huntington's disease. reuters.com - 1 week ago
What's in Store for These 5 Drug & Biotech Stocks in Q3 Earnings? Let us look at five large biotech and generic drug companies, NVO, GILD, MRNA, VTRS and TEVA, which are gearing up for their earnings releases this week. zacks.com - 1 week ago
Teva Pharmaceutical Industries (TEVA) Upgraded to Strong Buy: What Does It Mean for the Stock? Teva Pharmaceutical Industries (TEVA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). zacks.com - 1 week ago
Teva Presents New Tardive Dyskinesia Data at Psych Congress 2024 from the IMPACT-TD Registry, Revealing Differences in Patient Experience Based on Underlying Psychiatric Condition TEL AVIV, Israel and PARSIPPANY, N.J., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA), today announced new patient- and physician-reported interim results from the Phase 4 IMPACT-TD Registry study, revealing differences between TD patients with a psychotic disorder and those with a mood disorder. The IMPACT-TD Registry is the largest study of its kind evaluating the holistic effects of TD, showing real-world treatment patterns and outcomes with once-daily AUSTEDO® XR® (deutetrabenazine) extended-release tablets and twice-daily AUSTEDO (deutetrabenazine) tablets. Teva also announced interim data from a patient-reported survey describing early, real-world experience with AUSTEDO XR. These findings are being presented at the Psych Congress 2024 taking place from October 29 – November 2 in Boston, MA. globenewswire.com - 2 weeks ago
Teva Presents Latest Schizophrenia Treatment Research, Including Phase 3 SOLARIS Trial Results Demonstrating Improvements in Social Functioning and Quality of Life in Adults Receiving TEV-'749 (olanzapine) a Subcutaneous Long-Acting Injectable as well as Results of Real-World Analyses of UZEDY® (risperidone) TEL AVIV, Israel & PARSIPPANY, N.J., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA), today announced new, positive data on social functioning and quality of life from the Phase 3 Subcutaneous Olanzapine Extended-Release Injection Study (SOLARIS) trial evaluating TEV-'749 in adult patients diagnosed with schizophrenia. In the acute treatment phase of the study (Period 1), TEV-'749 demonstrated significant improvement in social functioning and quality of life across multiple validated measures from baseline to week 8. The systemic safety profile of TEV-'749 was consistent with other approved oral formulations of olanzapine, with no new safety signals identified and no PDSS events reported to date.1 In addition, in vitro data and interim results from a Phase 1 study evaluating the pharmacokinetic characteristics of TEV-'749 validate that its route of administration and drug delivery technology may effectively address the risk of PDSS development.1 These studies, highlighting the patient focused outcomes, were presented at Psych Congress 2024 taking place from October 29 – November 2, 2024, in Boston, MA. globenewswire.com - 2 weeks ago
8. Profile Summary

Teva Pharmaceutical Industries Limited TEVA

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COUNTRY IL
INDUSTRY Drug Manufacturers - Specialty & Generic
MARKET CAP $ 18.6 B
Dividend Yield 0.00%
Description Teva Pharmaceutical Industries Limited, a pharmaceutical company, develops, manufactures, markets, and distributes generic medicines, specialty medicines, and biopharmaceutical products in North America, Europe, and internationally. The company offers sterile products, hormones, high-potency drugs, and cytotoxic substances in various dosage forms, including tablets, capsules, injectables, inhalants, liquids, transdermal patches, ointments, and creams. It also develops, manufactures, and sells active pharmaceutical ingredients. In addition, it focuses on the central nervous system, pain, respiratory, and oncology areas. Its products in the central nervous system include Copaxone for the treatment of relapsing forms of multiple sclerosis; AJOVY for the preventive treatment of migraine; and AUSTEDO for the treatment of tardive dyskinesia and chorea associated with Huntington disease. The company's products in the respiratory market comprise ProAir, QVAR, ProAir Digihaler, AirDuo Digihaler, and ArmonAir Digihaler, BRALTUS, CINQAIR/CINQAERO, DuoResp Spiromax, and AirDuo RespiClick/ArmonAir RespiClick for the treatment of asthma and chronic obstructive pulmonary disease. Its products in the oncology market include Bendeka, Treanda, Granix, Trisenox, Lonquex, and Tevagrastim/Ratiograstim. Teva Pharmaceutical Industries Limited has a collaboration MedinCell for the development and commercialization of multiple long-acting injectable products, a risperidone suspension for the treatment of patients with schizophrenia. The company was founded in 1901 and is headquartered in Tel Aviv-Yafo, Israel.
Contact 124 Dvora Hanevi'a Street, Tel Aviv, 6944020 https://www.tevapharm.com
IPO Date Feb. 16, 1982
Employees 37000
Officers Mr. Matthew Shields Executive Vice President of Global Operations Mr. Eliyahu Sharon Kalif Executive Vice President & Chief Financial Officer Mr. David R. Mcavoy J.D. Executive Vice President & Chief Legal Officer Mr. Placid Jover Executive Vice President & CHRO Mr. Ran Meir Head of Investor Relations Mr. Amir Weiss Senior Vice President & Chief Accounting Officer Mr. Mark Sabag Executive Vice President of International Markets Commercial Kathleen Veit Senior Vice President, Global Compliance & Ethics Officer Mr. Richard Gordon Daniell Executive Vice President of European Commercial Mr. Richard D. Francis President, Chief Executive Officer & Director