At Teva, we’re passionate about improving quality of life and healthcare globally. This is our ongoing mission as we touch the lives of millions of patients every day, and billions every year.
The foundation of our success, and at the heart of Teva, is our vision to be the most indispensable medicines company in the world, executing on our obligation to our patients, customers, shareholders and employees.
Because we make brand-name and generic pharmaceuticals, we understand the necessary role that both types of medication play in a sustainable healthcare system.
With over 100 years of experience, today we rank among the 10 top pharmaceutical companies in the world and are the largest manufacturer of generic drugs. Our many years of experience have enabled us to bring safe and effective brand-name and generic medications to the world.
Our research and development capabilities are among the best in the industry. We have one of the highest approval rates for new generic medications, which means that whenever an important drug goes "off patent" and is eligible for manufacture, there’s a good chance Teva will offer it first. We also take pride in our quality-control process. Our goal is not only to meet, but also to exceed Health Canada expectations.
Why healthcare needs brand-name and generic medications
As an innovator of brand-name medications, Teva invests heavily in scientific research. This innovation is rewarded by being granted a patent, which allows a medication’s inventor to be the only company to supply that medication for a specific period of time—generally 20 years.
When the patent expires, society then benefits further, because competition is allowed to enter into the market—allowing for lower-cost generic versions of the patented drug. This competition is part of the life cycle of a medication, and allows patients to benefit from greater access to these proven medications.
Making quality medicine accessible, here and around the world, is at the heart of Teva.