Teva Pharmaceutical Industries Limited vs BioMarin Pharmaceutical Inc.: Annual Revenue Growth Compared

Pharma Giants' Revenue: BioMarin Soars, Teva Declines

__timestampBioMarin Pharmaceutical Inc.Teva Pharmaceutical Industries Limited
Wednesday, January 1, 201475104000020272000000
Thursday, January 1, 201588989500019652000000
Friday, January 1, 2016111685400021903000000
Sunday, January 1, 2017131364600022385000000
Monday, January 1, 2018149121200018854000000
Tuesday, January 1, 2019170404800016887000000
Wednesday, January 1, 2020186045500016658000000
Friday, January 1, 2021184627500015878000000
Saturday, January 1, 2022209603900014925000000
Sunday, January 1, 2023241922600015846000000
Monday, January 1, 202416544000000
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Infusing magic into the data realm

A Tale of Two Pharmaceutical Giants: Revenue Growth from 2014 to 2023

In the ever-evolving pharmaceutical industry, Teva Pharmaceutical Industries Limited and BioMarin Pharmaceutical Inc. have showcased contrasting revenue trajectories over the past decade. From 2014 to 2023, BioMarin's revenue surged by over 220%, reflecting its robust growth strategy and successful product launches. In contrast, Teva experienced a revenue decline of approximately 22%, highlighting the challenges it faced amidst market competition and strategic shifts.

BioMarin's consistent upward trend, peaking at $2.42 billion in 2023, underscores its resilience and innovation in the biotech sector. Meanwhile, Teva's revenue, which reached its zenith in 2017 at $22.39 billion, saw a gradual decline, settling at $15.85 billion in 2023. This divergence in financial performance offers a compelling narrative of strategic adaptation and market dynamics in the pharmaceutical landscape.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025