Business Services Industry
Teva Reports 2007 Financials in XBRL Standard
Business Wire, March 25, 2008
Intended to Facilitate Investors' Analysis of Results
JERUSALEM -- Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) announced today the filing of its 2007 income statement, balance sheet, cash flow statement and statement of changes in shareholders' equity, included in its 2007 Form 20-F previously filed with the SEC on February 29, 2008, in eXtensible Business Reporting Language ("XBRL"). This voluntary filing, Teva's first under the SEC's XBRL program, is designed to enhance Teva's communications with the investment community, allowing shareholders and analysts to more easily review and analyze the Company's financial information.
XBRL works by mapping and tagging information so that investors can easily extract, analyze and compare financial information. The SEC has encouraged the use of interactive data to make it easier for investors to get information from SEC filings. Since its introduction in 2005, approximately 75 companies, including Teva, have filed their financial statements under the SEC's XBRL voluntary program.
The SEC's Interactive Financial Report viewer helps investors gather, analyze and compare key financial disclosures filed voluntarily by public companies using XBRL. The "Financial Explorer," recently launched by the SEC, helps investors analyze the financial results of public companies, using diagrams and charts. These tools, and Teva's XBRL filing, are available at http://216.241.101.197/viewer
Teva's 2007 annual report on Form 20-F is available at Teva's website at www.tevapharm.com. Shareholders may also obtain a copy of such report (in booklet form or on a disc) by contacting Teva's investor relations department at 972 (3) 926-7554 or (215) 591-8912.
About Teva
Teva Pharmaceutical Industries Ltd., headquartered in Israel, is among the top 20 pharmaceutical companies in the world and is the world's leading generic pharmaceutical company. The Company develops, manufactures and markets generic and innovative human pharmaceuticals and active pharmaceutical ingredients, as well as animal health pharmaceutical products. Over 80 percent of Teva's sales are in North America and Europe.
Safe Harbor Statement under the U. S. Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements are based on management's current beliefs and expectations and involve a number of known and unknown risks and uncertainties that could cause Teva's future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: , Teva's ability to accurately predict future market conditions, potential liability for sales of generic products prior to a final resolution of outstanding patent litigation, including that relating to the generic versions of Allegra[R], Neurontin[R], Lotrel[R], Famvir[R] and Protonix[R], Teva's ability to successfully develop and commercialize additional pharmaceutical products, the introduction of competing generic equivalents, the extent to which Teva may obtain U.S. market exclusivity for certain of its new generic products and regulatory changes that may prevent Teva from utilizing exclusivity periods, competition from brand-name companies that are under increased pressure to counter generic products, or competitors that seek to delay the introduction of generic products, the impact of consolidation of our distributors and customers, the effects of competition on our innovative products, especially Copaxone[R] sales, the impact of pharmaceutical industry regulation and pending legislation that could affect the pharmaceutical industry, the difficulty of predicting U.S. Food and Drug Administration, European Medicines Agency and other regulatory authority approvals, the regulatory environment and changes in the health policies and structures of various countries, our ability to achieve expected results though our innovative R&D efforts, Teva's ability to successfully identify, consummate and integrate acquisitions, potential exposure to product liability claims to the extent not covered by insurance, dependence on the effectiveness of our patents and other protections for innovative products, significant operations worldwide that may be adversely affected by terrorism, political or economical instability or major hostilities, supply interruptions or delays that could result from the complex manufacturing of our products and our global supply chain, environmental risks, fluctuations in currency, exchange and interest rates, and other factors that are discussed in Teva's Annual Report on Form 20-F and its other filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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