Teva Said to Consider Options for Branded Generics Unit

Source: Bloomberg

Tuesday, February 14, 2017 | Earnings & Financials


Israeli drugmaker Teva Pharmaceutical Industries is weighing options including a sale of its branded generics products business as it works to reduce debt, according to people familiar with the matter. The business could be valued at several billion dollars, and Teva may also consider spinning off the unit, the people said, asking not to be identified because the deliberations are private. The plans are at an early stage, and Teva’s primary focus is finding a new chief executive officer after Erez Vigodman stepped down suddenly earlier this month, one of the people said.

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