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Teva

This article was originally published in The Tan Sheet

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Executive Summary

Israel-based firm buys Copley for $220 mil. in cash or $11 per share. Hoechst had owned 52% of Copley. The acquisition will add 52 OTC and Rx products to Teva's U.S. business, including generic versions of miconazole vaginal cream, men's and women's 2% minoxidil topical solutions, bromatapp extended-release tablets, clemastine syrup and doxylamine succinate tablets. Both firms have highlighted the potential for Rx-to-OTC switches following the acquisition

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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