Tuesday, May 3, 2011

Teva Pharmaceutical offers $6.8 billion for Cephalon

Teva Pharmaceutical Industries, seeking to enhance a specialty drug portfolio, skeleton to acquire Cephalon Inc. for $6.8 billion.

Teva, that is formed in Israel, has a vast production plant in Irvine. That plant resumed operation in Apr after shutting for a year following a warning by a Food and Drug Administration over quality-control problems.
Sales of Copaxone, used in a diagnosis of mixed sclerosis, constituted about 30%
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