Teva/Ivax Merger Will Create Significant Pricing Flexibility In Generics
Executive Summary
Teva is prepared to leverage its $7.4 bil. acquisition of Ivax to offer the lowest prices on generic drugs "if need be," Ivax Chairman Phillip Frost said July 26 during a call regarding the deal
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Teva CEO Israel Makov, 67, will retire in 2007, he announces Oct. 18. Makov will be succeeded by Shlomo Yanai, who has served as CEO of Makhteshim Agan Industries since 2003. During Makov's tenure as CEO, Teva's sales increased four-fold to approximately $8.5 bil., and Teva became the world's largest generics manufacturer with the $7.8 bil. acquisition of Ivax (1"The Pink Sheet" Aug. 1, 2005, p. 19)...
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Teva CEO Israel Makov, 67, will retire in 2007, he announces Oct. 18. Makov will be succeeded by Shlomo Yanai, who has served as CEO of Makhteshim Agan Industries since 2003. During Makov's tenure as CEO, Teva's sales increased four-fold to approximately $8.5 bil., and Teva became the world's largest generics manufacturer with the $7.8 bil. acquisition of Ivax (1"The Pink Sheet" Aug. 1, 2005, p. 19)...