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Tuesday, November 23, 2004

Why is there only one Teva?

Joseph Morgenstern, "Why is there only one Teva? How Israeli pharma came to be, and why it may be hard to emulate the Teva model today.
" (11 Nov 2004, Globes online)
Leading text: "Why is there only one Teva with annual sales of more than $4.0b? Why has Serono closed down InterPharm? What role do Government support programs play in nurturing a multinational?
Teva Pharmaceuticals was the result of the merger of three companies: Assia, Zori and Teva. The development of this group reflected the rise of the pharmaceutical industry in Israel. The first milestone was a warehouse for drugs established in Jerusalem in 1901 by Haim Solomon and Moshe Guttel Levin. The initiative to establish a local pharmaceutical industry arose in the early 1930s..." [FullText] [Comment at MyRehovot.Info]

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