Reports claimed that Israel’s Teva Pharmaceutical Industries Ltd. have bought 57% stake of Taiyo, which is the third-largest drug manufacturer of Japan. This deal was settled for $460 million cash.
The pharmaceutical giant, Teva Pharmaceuticals Ltd is of the view that the firm is now depending on high-risk and high-reward drugs for the purpose of overcoming their competition in the market.
A deal has been signed between the boards of Teva Pharmaceutical Industries Ltd. and Cephalon Inc, based in Frazer, Pennsylvania. Teva will purchase Cephalon for $6.8 billion.
A report has been submitted to the U. S. Food and Drug Administration regarding the blockage problems caused by generic acid reflux drug in oral syringe or feeding tubes.
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