Teva’s Deal for Generic Lipitor

Teva Pharmaceuticals Ltd. is an Israeli company with its American headquarters in North Wales. Teva has inked a deal with Ranbaxy—one of the original producers of generic Lipitor—to produce and sell atorvastatin calcium tablets. The generic, which pharmaceuticals help Americans maintain healthy levels of cholesterol, were approved by the FDA yesterday and will be produced in Princeton. [Inquirer]