TEVA ACQUISITION OF BIOCRAFT CREATES COMPANY WITH SALES OF $900 MIL. AND 8% SHARE OF GENERIC DRUG MARKET; BIOCRAFT WILL BE HEADED BY LEMMON CEO FLETCHER
Executive Summary
Teva's proposed acquisition of Biocraft Labs will create a drug company with pro forma 1995 sales of approximately $900 mil., about 8% of the U.S. generic drug market, and six manufacturing facilities when Biocraft is merged with Teva's Lemmon subsidiary.
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