Teva To Buy Japan’s 3rd Largest Generic Drug Company Taiyo Pharmaceutical Fro $500 Million

Teva is on a buying binge it look like at it just announced yesterday the purchase of Cephalon with a successful bid. I think Teva is on its way to be the largest generic drug company in the world at this rate and they also create some of their own drugs. BD

Teva Pharmaceuticals Wins Bid for Cephalon for $6.8 Billion

TOKYO — Israel's Teva Pharmaceutical Industries has decided to buy Japan's third-largest generic drug company Taiyo Pharmaceutical Industry for about $500 million, the Nikkei newspaper said Tuesday.

Teva, the world's top generic drug maker, will likely take control of Taiyo by purchasing a majority stake from the founding family and other shareholders, it said.

Teva started a Japanese unit in 2005 and formed a generic drug joint venture, Teva-Kowa Pharma, with midtier Japanese pharmaceutical firm Kowa in 2008.