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April 16, 2014 / 16 Nisan, 5774
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Posts Tagged ‘Generic drugs’

Teva Names New CEO Three Months after Firing Jeremy Levin

Thursday, January 9th, 2014

Teva Pharmaceutical announced on Thursday that its new CEO will be Erez Vigodman, who until now has been the CEO for the huge phosphate and chemical producer Makhteshim Agan Industries.

Vigodman replaces Dr. Jeremy Levin, who moved to Israel two years to take over the world’s largest generic drug company, which has been faltering since a rival firm began marketing a generic alternative to Teva’s conventional Copaxone drug that prevents the reoccurrence of Muscular Sclerosis.

Levin was fired after arguments on company strategy between him and the board of directors.

Teva chairman Dr. Phillip Frost said, “As a member of the Teva board since 2009, Erez has a deep understanding of the company and the industry in which it operates, putting him in a strong position to hit the ground running and deliver value for shareholders.”

Teva to Sell Generic Viagra in UK, and Move Patent Filing to Switzerland

Sunday, June 23rd, 2013

Teva, the world leader in generic medication will be soon be launching a generic version of Pfizer’s Viagra in the UK and Europe.

Pfizer’s Viagra patents expired this past week in the UK and parts of Europe, allowing other manufacturers to move in.

In the US, a court ruling has prevented Teva from introducing generic Viagra until at least 2020.

Teva also announced that it will stop filing its patents in Israel, and will now be filing them instead in Switzerland.

The reason for the move are Switzerland’s patent related tax laws, and subsequent tax breaks and benefits they will provide Teva.

Teva said that if Israel were to change its tax codes to make them more competitive with other countries, they’d be happy to move the IP registrations back to Israel, according to a report in Globes.

Printed from: http://www.jewishpress.com/news/breaking-news/teva-to-sell-generic-viagra-in-uk-and-move-patents-to-switzerland/2013/06/23/

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