Af­ter years of busi­ness and law­suit-fu­eled de­cline, is a Te­va turn­around in sight?

For five years, Te­va’s stock tum­bled amid a po­tent cock­tail of se­ri­ous and wide­spread le­gal al­le­ga­tions, de­clin­ing com­pa­ny and in­dus­try-wide rev­enue and debt that creaked more heav­i­ly each pass­ing year. Now, their CEO and some in­vestors think they can see the light.

Te­va re­leased their quar­ter­ly earn­ings re­port yes­ter­day, and the stock took a 10% jump, to over $13. That’s still a drop in the buck­et com­pared with the years lead­ing up to 2016, when the stock briefly pushed past $70, but a no­tice­able bump af­ter a half-decade of al­most di­rect de­cline.

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