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Teva buys Ratiopharm in generic drugs deal

Updated - 19/3/2010 - bbc.co.uk.

 

Israeli generic drugs giant Teva has bought German firm Ratiopharm for 3.6bn euros (£3.2bn, $4.9bn), it has been announced.

The deal represents a significant move into the European market for Teva, which is the world’s largest maker of generic drugs.

Generics are based on drug patents that have expired, allowing anyone to manufacture and sell them.

Germany represents the largest generics market in Europe, Teva said.

"This is an important acquisition for Teva," said the company’s chief executive Shlomo Yanai.

 

news.bbc.co.uk/2/hi/business/8575372.stm

 

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