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Teva To Buy Japan’s 3rd Largest Generic Drug Company Taiyo Pharmaceutical Fro $500 Million

Posted May 03 2011 8:38pm

Teva is on a buying binge it look like at it just announced yesterday the purchase of Cephalon with a successful bid.  I think Teva is on its way to be the largest generic drug company in the world at this rate and they also create some of their own drugs.  BD 

TOKYO — Israel's Teva Pharmaceutical Industries has decided to buy Japan's third-largest generic drug company Taiyo Pharmaceutical Industry for about $500 million, the Nikkei newspaper said Tuesday. image

Teva, the world's top generic drug maker, will likely take control of Taiyo by purchasing a majority stake from the founding family and other shareholders, it said.

Teva started a Japanese unit in 2005 and formed a generic drug joint venture, Teva-Kowa Pharma, with midtier Japanese pharmaceutical firm Kowa in 2008.

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