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Teva Pharmaceutical Industries Ltd. , is an international pharmaceutical company
Pharmaceutical company

The pharmaceutical industry develops, produces, and markets drugs licensed for use as medications. Pharmaceutical companies can deal in Generic drug and/or brand medications....
 headquartered in Petah Tikva
Petah Tikva

Petah Tikva known as Em HaMoshavot , is a city in the Center District of Israel, north-east of Tel Aviv. Petah Tikva's jurisdiction covers 35,868 dunams ....
, Israel
Israel

Israel officially the State of Israel , is a country in the Middle East located on the eastern shore of the Mediterranean Sea. It borders Lebanon in the north, Syria in the northeast, Jordan in the east, and Egypt on the southwest, and contains geographically diverse features within its relatively small area....
. It specializes in generic
Generic drug

A generic drug is a medication which isproduced and distributed without patent protection. The generic drug may still have a patent on the formulation but not on the active ingredient....
 and proprietary
Proprietary

The word proprietary indicates that a party, or proprietor, exercises private ownership, control or use over an item of property.Terms relating to Proprietary include:...
 pharmaceuticals and active pharmaceutical ingredients. It is the largest generic drug
Medication

A pharmaceutical drug, also referred to as medicine or medicament, can be loosely defined as any substance intended for use in the diagnosis, cure, mitigation, treatment, or prevention of disease....
 manufacturer in the world and one of the 20 largest pharmaceutical companies worldwide. In 2007, its sales totaled $9.4 billion, of which 80% was in Europe and North America. After its acquisition of U.S.






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Teva Pharmaceutical Industries Ltd. , is an international pharmaceutical company
Pharmaceutical company

The pharmaceutical industry develops, produces, and markets drugs licensed for use as medications. Pharmaceutical companies can deal in Generic drug and/or brand medications....
 headquartered in Petah Tikva
Petah Tikva

Petah Tikva known as Em HaMoshavot , is a city in the Center District of Israel, north-east of Tel Aviv. Petah Tikva's jurisdiction covers 35,868 dunams ....
, Israel
Israel

Israel officially the State of Israel , is a country in the Middle East located on the eastern shore of the Mediterranean Sea. It borders Lebanon in the north, Syria in the northeast, Jordan in the east, and Egypt on the southwest, and contains geographically diverse features within its relatively small area....
. It specializes in generic
Generic drug

A generic drug is a medication which isproduced and distributed without patent protection. The generic drug may still have a patent on the formulation but not on the active ingredient....
 and proprietary
Proprietary

The word proprietary indicates that a party, or proprietor, exercises private ownership, control or use over an item of property.Terms relating to Proprietary include:...
 pharmaceuticals and active pharmaceutical ingredients. It is the largest generic drug
Medication

A pharmaceutical drug, also referred to as medicine or medicament, can be loosely defined as any substance intended for use in the diagnosis, cure, mitigation, treatment, or prevention of disease....
 manufacturer in the world and one of the 20 largest pharmaceutical companies worldwide. In 2007, its sales totaled $9.4 billion, of which 80% was in Europe and North America. After its acquisition of U.S. rival Ivax Corporation
Ivax Corporation

IVAX Corporation was a United States public corporation focused on manufacturing and distributing generic pharmaceutical products. Ivax was acquired by the Israeli company Teva Pharmaceutical Industries in January 2006....
 in January 2006, the company has about 28,000 employees in 50 countries. Teva's facilities are located in Israel, North America, Europe, and Latin America.

History


Teva's earliest predecessor was Salomon, Levin, and Elstein Ltd., a wholesale distributor based in Jerusalem
Jerusalem

Jerusalem is the capital of Israel and its List of Israeli cities in both population and area, with a population of 747,600 residents over an area of if Positions on Jerusalem East Jerusalem is included....
 that was founded in 1901. During the 1930s, new immigrants from Europe founded several pharmaceutical companies including Teva, Assia, and Zori. In 1951, Teva raised capital through the newly founded Tel-Aviv Stock Exchange.

In 1964, Assia and Zori merged and acquired a controlling interest in Teva. In 1976, these three companies merged into the modern Teva Pharmaceutical Industries Ltd. In 1980, Teva continued to follow its vision of becoming one of the world's biggest Pharmaceutical companies by acquiring Ikapharm, then Israel's second largest drug manufacturer.

In 1982, Teva was granted FDA approval for its Kfar Saba
Kfar Saba

Kfar Saba is a List of Israeli cities in the Sharon plain, of the Center District of Israel. According to the Israel Central Bureau of Statistics , at the end of 2007, Kfar Saba had a total population of 81,600....
 manufacturing plant, an essential milestone for marketing pharmaceuticals in the USA.

Teva's Innovative Research and Development has been granted approval for two innovative drugs: Copaxone (for the treatment of multiple sclerosis
Multiple sclerosis

Multiple sclerosis is an autoimmune disease in which the immune system attacks the central nervous system, leading to demyelinating disease. Disease onset usually occurs in young adults, and it is more common in females....
) in the mid-1990s, and Azilect (sold as Agilect in some countries) for treatment of Parkinson's disease
Parkinson's disease

Parkinson's disease is a degenerative disorder of the central nervous system that often impairs the sufferer's motor skills and speech, as well as other functions....
 in the 2000s. Several innovative compounds are in the pipeline, but the innovative arm carries far less weight in Teva (when compared to generics) than in any other top 20 pharmaceutical company.

On June 23, 2006, Teva (through a former Ivax subsidiary) received from the U.S. Food & Drug Administration a 180-day exclusivity period to sell simvastatin
Simvastatin

Simvastatin , is a hypolipidemic agent belonging to the class of pharmaceuticals called "statins". It is used to control hypercholesterolemia and to prevent cardiovascular disease....
 (Zocor) in the U.S. as a generic drug
Generic drug

A generic drug is a medication which isproduced and distributed without patent protection. The generic drug may still have a patent on the formulation but not on the active ingredient....
 in all strengths except 80 mg. Teva presently competes with the maker of brand-name Zocor, Merck & Co.
Merck & Co.

Merck & Co., Inc. , also known as Merck Sharp & Dohme or MSD outside the USA and Canada, is one of the largest pharmaceutical companies in the world....
; Ranbaxy Laboratories
Ranbaxy Laboratories

Ranbaxy Laboratories Limited is India's largest pharmaceutical company. Incorporated in 1961, Ranbaxy exports its products to 125 countries with ground operations in 46 and manufacturing facilities in seven countries....
, which has 180-day exclusivity for the 80 mg strength; and Dr. Reddy's Laboratories
Dr. Reddy's Laboratories

Dr. Reddy?s Laboratories Ltd. trading as Dr. Reddy's, founded in 1984 by Dr. K. Anji Reddy, has become India?s second biggest pharmaceutical company....
, whose authorized generic version (licensed by Merck) is exempt from exclusivity.

In 2005, Teva opened a new, state-of-the-art pharmaceutical manufacturing plant in Har Hotzvim, a technology park in Jerusalem
Jerusalem

Jerusalem is the capital of Israel and its List of Israeli cities in both population and area, with a population of 747,600 residents over an area of if Positions on Jerusalem East Jerusalem is included....
. The plant received FDA approval in early 2007.

On December 24, 2007, Teva released an AB-rated generic alternative to Protonix.

On December 23, 2008, Teva acquired Barr Pharmaceuticals for 7.5 billion USD, making Barr and Pliva (which Barr bought earlier) part of Teva.

Products


Pharmaceuticals

  • Copaxone
  • Laquinimod
    Laquinimod

    Laquinimod is an experimental immunomodulator developed by Active Biotech and Teva Pharmaceutical Industries. It is currently investigated as an oral treatment of multiple sclerosis ....
  • Rasagiline
    Rasagiline

    Rasagiline is an Enzyme inhibitor of monoamine oxidase used as a monotherapy in early Parkinson's disease or as an adjunct therapy in more advanced cases....
  • Venlafaxine
    Venlafaxine

    Venlafaxine is an antidepressant of the serotonin-norepinephrine reuptake inhibitor class first introduced by Wyeth in 1993. It is prescribed for the treatment of major depressive disorder and anxiety disorders, among other uses....


Subsidiaries


  • North America
    • Barr Pharmaceuticals
    • Teva Pharmaceuticals USA
    • Plantex USA
    • Teva Parenteral Medicines
    • Teva Specialty Pharmaceuticals
    • Teva Biopharmaceuticals USA
    • Teva Neuroscience
    • Teva Neuroscience Canada
    • Teva Novopharm
    • Teva Animal Health
  • Latin America
    • Teva Pharmaceuticals Curaçao N.V.
    • Teva Mexico
    • Ivax Argentina
    • Laboratorio Chile
    • Teva Brazil
    • Corporacion Medco - Peru
    • BTL Peru
  • Europe
    • Pliva Croatia
    • Teva Pharmaceuticals Europe B.V.
    • Teva Pharmachemie B.V.
    • Plantex Chemicals B.V.
    • Teva Pharma UK
    • Teva UK Limited
    • Teva Pharmaceuticals Ireland
    • Teva Pharmaceutical Works Ltd.
    • Teva Hungary Ltd.
    • Teva Classics France
    • Teva Group Germany
    • Teva Pharma Italia S.r.I.
    • Teva Pharmaceutical Fine Chemicals S.r.I.
    • Sicor Italy S.r.I.
    • Prosintex - ICI
    • Teva Belgium
    • Sicor Biotech UAB
    • Teva Pharmaceuticals CR, s.r.o.
    • Teva Pharmaceuticals Slovakia, s.r.o.
    • Teva Pharma AG
    • Sicor Europe
    • Teva Sweden AB
    • Teva Finland Oy
    • Teva API International Spain
    • Teva Generics Spain
    • Teva Pharma Portugal Ltd.
    • Teva Bulgaria
    • Teva Moscow
    • Teva Belarus
    • Teva Ukraine
    • Teva Kazakhstan
    • Teva Pharmaceuticals Polska (Poland)
  • Asia
    • Teva Singapore
    • Teva Japan
    • Teva API India Ltd.
  • Africa
    • Assia Pharmaceuticals Ltd.
    • Teva Pharmaceuticals (Pty) Ltd.


Animal rights arrests

Two Israeli animal rights activists and a photographer were charged with "illegal gathering" in Petah-Tikva, Israel, after being arrested in December 2006 for holding a vigil outside TEVA's offices. The activists were protesting because TEVA is a client of Huntingdon Life Sciences
Huntingdon Life Sciences

Huntingdon Life Sciences is a contract animal-testing company founded in 1952 in England, now with facilities in Huntingdon, Cambridgeshire and Eye, Suffolk in the UK; New Jersey in the U.S.; and in Japan....
 (HLS), which is the focus of an international animal rights campaign, Stop Huntingdon Animal Cruelty
Stop Huntingdon Animal Cruelty

Stop Huntingdon Animal Cruelty is an international animal rights campaign to close down Huntingdon Life Sciences , Europe's largest contract Animal testing laboratory....
.

See Also

  • Qualitest
    Qualitest

    Qualitest is an United States pharmaceutical company that produces generic drugs. It is headquartered in Huntsville, Alabama with manufacturing facilities in Charlotte, North Carolina, and Huntsville, Alabama....

External links