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ISRAEL AT WAR - DAY 530

generic drugs

Teva Pharmaceutical Industries CEO Richard Francis speaks at a press briefing in Tel Aviv, Feb. 20, 2024. (Courtesy)
February 20, 2024, 10:59 pm
Teva CEO says production and distribution in Israel remain largely unaffected by war
Head of the world’s largest generic drugmaker unveils program to address the growing need for care as more than 2 million Israelis are expected to suffer from trauma symptoms
By Sharon Wrobel
A general view of the Israeli drug company Teva Pharmaceutical Industries in Jerusalem on August 6, 2017. (Yonatan Sindel/Flash90)
March 4, 2021, 5:49 pm
EU antitrust authorities launch probe of Teva over Copaxone drug
Investigation looking into abuse of Israeli drugmaker’s dominant market position; it was sued in the US for price-fixing of same medicine
By ToI Staff
The Jerusalem office of the Israeli drug company Teva Pharmaceuticals (Yonatan Sindel/Flash90)
November 27, 2020, 6:47 am
EU fines Teva for allegedly delaying rollout of cheap sleep disorder drug
Bloc accuses the Israeli pharma firm of colluding with a drugmaker it now owns to keep a generic version of modafinil off the market
By AFP
Teva's global headquarters in Petah Tikva, Israel. (Sivan Faraj via Teva's Corporate Communications)
May 16, 2020, 7:34 pm
Teva said to ‘walk away’ from settlement talks in US price-fixing lawsuit
Israeli pharmaceutical giant takes a gamble that Trump’s Justice Department won’t file charges after company helps during pandemic
By ToI Staff
Attorneys Linda Singer and Mark Lanier hug outside the US Federal courthouse, Oct. 21, 2019, in Cleveland (AP Photo/Tony Dejak)
October 21, 2019, 4:50 pm
4 drug firms, including Israel’s Teva, reach deal to settle US opioid lawsuit
$260 million agreement comes hours ahead of federal trial over allegations that distributors failed to stop suspicious orders of drugs from being shipped despite warnings of misuse
By AP
Illustrative: Tablets of opioid painkiller Oxycodone are seen in Washington, DC (Eric BARADAT / AFP)
October 21, 2019, 12:50 pm
Trial set to open in massive US opioid lawsuit also targeting Israel’s Teva
Tens of billions of dollars at stake after failure of last-minute efforts to reach settlement between companies and plaintiffs
By AFP and ToI Staff
A general view of TEVA Pharmaceutical Industries in Jerusalem, Israel, October 11, 2013. (Yonatan Sindel/Flash90)
May 12, 2019, 5:57 pm
Price-fixing lawsuit deals another blow to already fragile Teva, experts say
The drugmaker, struggling to cut costs in order to meet debt repayments, may face billions of dollars in fines
By Shoshanna Solomon
The Horsham, Pennsylvania, offices of Teva Pharmaceuticals (AP Photo/George Widman)
May 11, 2019, 11:12 am
US states sue Teva for price-fixing in ‘multi-billion dollar fraud’
Israeli drug manufacturer named as ‘consistent participant’ in conspiracy to raise prices, sometimes by more than 1000%; company denies wrongdoing, vows to defend itself
By ToI Staff and AFP
The Horsham, Pennsylvania, offices of Teva Pharmaceuticals (AP Photo/George Widman)
December 10, 2018, 12:06 pm
Teva stocks fall after company said named in US price-fixing drug ‘cartel’ probe
Washington Post reports Israeli generic drug manufacturer involved in massive investigation into artificially raised prices; Teva says accusations ‘devoid of any facts’
By ToI Staff
An illustrative image of an anaphylaxis auto injector for allergy reactions (CarrieCaptured; iStock by Getty Images)
August 19, 2018, 3:53 pm
Teva shares jump as drugmaker gets nod for generic version of allergy EpiPen
Approval of emergency auto-injector comes after the Jerusalem-based drugmaker failed to get regulatory nod in 2016
By Shoshanna Solomon
Teva's facility in Har Hotzvim, Jerusalem (Nati Shohat/Flash90)
May 3, 2018, 8:28 pm
Teva reports jump in first-quarter earnings, raises guidance
After aggressive restructuring, generic drug maker posts net income of $1.06 billion despite 10% drop in sales
By Josef Federman
An Israeli worker walks by the offices of Israeli pharmaceutical company Teva Industries in Jerusalem, October 11, 2013. (Yonatan Sindel/Flash90)
December 13, 2017, 10:51 pm
Union calls strike over thousands of expected Teva layoffs
Histadrut says much of country, including airports, will shut down for hours on Sunday morning to protest drugmaker’s plan to firre half of its workforce
By ToI Staff and Shoshanna Solomon
A general view of TEVA Pharmaceutical Industries in Jerusalem, Israel, October 11, 2013. (Yonatan Sindel/Flash90)
November 23, 2017, 9:59 am
Teva to cut up to 1,700 jobs in streamlining plan — report
Pharma giant said set to lay off up to 25% of its workforce in Israel and the US due to poor financial results
By ToI Staff
The Jerusalem office of the Israeli drug company Teva Pharmaceuticals (Yonatan Sindel/Flash90)
August 3, 2016, 8:21 am
Teva completes $40b purchase of Allergan generics arm
CEO of Israeli drugs giant says deal, which puts it among top 10 global pharmaceutical firms, won’t push up medicine prices
By Joe Dyke
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