Thursday, July 17, 2008

Teva Eyes Barr Buy

More generic M&A action: The Israeli generics giant Teva is in talks to buy Barr Pharmaceuticals, a U.S. generics shop with market cap of about $5 billion, the Israeli business paper Globes reported.
Barr’s stock shot up nearly 20% in after-hours trading on the report.
While the branded drug industry has been ailing, the generics business has [...]

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