17.05.2011 • News

Teva CEO Shlomo Yanai Says Always Looking for More Acquisitions

Teva CEO Shlomo Yanai
Teva CEO Shlomo Yanai

Teva Pharmaceutical Industries is always looking for acquisitions and will move on other potential targets when it finds a strategic fit, its top executive said on Monday.

"We are scrutinizing constantly the opportunities and in due time we will move for further acquisitions when we find them a ... strategic fit," Teva CEO Shlomo Yanai said at a briefing in Tokyo.

Teva said on Monday that it would acquire 57% of privately held Taiyo Pharmaceutical Industry for $460 million in cash and would make an offer to buy the remaining shares of Japan's third-largest generic pharmaceutical company.

Virtual Event

High Performance Food Production
Perfection Starts in the Tank

High Performance Food Production

On Demand | Optimize your food production with smarter mixing—join the Ystral seminar to discover 20 real-world applications that cut processing times, reduce costs, and boost product quality.

Special Issue

Circular Plastics Economy
Explore the Future of Plastics

Circular Plastics Economy

This special CHEManager issue explores the industry’s pivotal shift towards a more sustainable, circular plastics value chain. Readers will find expert analysis and real-world solutions for today’s most pressing recycling and regulatory challenges.

Top-Feature

most read