Teva

Business

Teva to Cut 7,000 Jobs After Disappointing Quarter Results

Teva Pharmaceutical has announced dramatic plans to downsize following a grim second quarter earnings report released on Thursday. The Israel-based company, which operates its North […]

Business

Teva CEO Steps Down Suddenly

Just a week after Teva lost a major patent infringement battle in court, the pharmaceutical company announced on Monday that its president and CEO Erez […]

Business

Teva Loses Patent Case for Top-Selling Drug

Teva is the world’s largest generic drugmaker, so when its stocks went plummeting on Tuesday, investors weren’t happy. Its stock tumbled as much as six […]

Business

Pharma Co. to Pay $1.2B For Allegedly Blocking Competition

A local pharmaceutical company charged with paying generic drug manufacturers to delay the release of competing medications has agreed to a $1.2 billion settlement with the Federal Trade Commission. […]

Business

Hostile Takeover Bid to Create World’s Largest Generic Drug Manufacturer Gets Even More Heated

Teva Pharmacuticals remains in hot pursuit of rival Mylan — and the takeover bid is turning ever more hostile. After Mylan rejected Teva’s unsolicited $40 billion […]

News

Israeli Company With Montco HQ in $40B Bid to Become Largest Generic Drug Maker

Teva Pharmaceuticals has offered to acquire Mylan N.V. for $82 per share — or approximately $40 billion. Teva is an Israeli company that employs 2,000 […]