Shares of Teva Pharmaceutical Industries ( TEVA 1.28% ) rallied after it reported earnings on Nov. 5. The stock is now higher by a whopping 45% in roughly a month. The company reported strong results, and it appears that the business is well positioned.

However, after such a large price advance, you may be better off looking at two still-struggling makers of branded drugs instead. Here's why.

Teva Pharmaceutical has moved very far, very fast

Teva's big business is selling generic drugs. Essentially, it's the competition for makers of branded drugs once their patented medications lose patent protection. Teva and its peers are what cause the patent cliffs that branded-drug companies are constantly trying to manage around.

It's not a bad business to be in, and Teva is a leader i

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