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Teva CEO on decimated share price: "It's rational enough from a market point of view"

As the CEO of Israeli pharmaceutical company Teva, Kåre Schultz has some work ahead of him in order to convince the market there's light at the end of the tunnel.

Teva CEO Kåre Schultz | Photo: Lars Krabbe/ERH

There's no reason to be bitter about the plummeting share price of Israeli pharmaceutical company Teva, as it makes sense, according to CEO Kåre Schultz, who has not yet managed to generate value for the firm's hard-pressed shareholders.

"I'm alright with it. In my view, we've managed to save the company, reorganize it and bring down debts, but we're not done yet," says Schultz.

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