__timestamp | Teva Pharmaceutical Industries Limited | Vericel Corporation |
---|---|---|
Wednesday, January 1, 2014 | 20272000000 | 28796000 |
Thursday, January 1, 2015 | 19652000000 | 51168000 |
Friday, January 1, 2016 | 21903000000 | 54383000 |
Sunday, January 1, 2017 | 22385000000 | 63924000 |
Monday, January 1, 2018 | 18854000000 | 90857000 |
Tuesday, January 1, 2019 | 16887000000 | 117850000 |
Wednesday, January 1, 2020 | 16658000000 | 124179000 |
Friday, January 1, 2021 | 15878000000 | 156184000 |
Saturday, January 1, 2022 | 14925000000 | 164365000 |
Sunday, January 1, 2023 | 15846000000 | 197516000 |
Monday, January 1, 2024 | 16544000000 |
In pursuit of knowledge
In the ever-evolving pharmaceutical landscape, Teva Pharmaceutical Industries Limited and Vericel Corporation present a fascinating study in contrasts. Over the past decade, Teva's annual revenue has seen a decline of approximately 22%, from its peak in 2017 to 2023. Meanwhile, Vericel has experienced a remarkable growth trajectory, with its revenue increasing nearly sevenfold during the same period.
Teva, a global leader in generic medicines, faced challenges that led to a revenue dip from 2017's high of $22 billion to around $15.8 billion in 2023. This decline reflects broader industry trends and internal restructuring efforts.
Conversely, Vericel, specializing in advanced cell therapies, has capitalized on niche markets, growing its revenue from $28 million in 2014 to nearly $198 million in 2023. This growth underscores the potential of innovative therapies in the pharmaceutical sector.
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