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Teva Pharmaceutical Industries

Company nameTeva Pharmaceutical Industries Ltd.
Company typePublic (Nasdaq - TEVA),(TASE - TEVA)
HeadquartersPetah Tikva
Key peopleShlomo Yanai, President and Chief Executive Officer
Dr. Phillip Frost, Chairman
Eyal Desheh, Chief Financial Officer
ProductsPharmaceuticals|generic buprenorphine 2 mg 8 mg sublingual tablets
Revenue(+)$16.1 billion USD (FY 2010)
Net income(+)$3.3 billion USD (FY 2010)
Employees40,000 (2011)

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Teva Pharmaceutical Industries Ltd. ( ), Nasdaq - TEVA is an international pharmaceutical company headquartered in Petah Tikva, Israel. It specializes in generic and proprietary pharmaceuticals and active pharmaceutical ingredients. It is the largest generic drug manufacturer in the world and one of the 15 largest pharmaceutical companies worldwide. In 2008, sales totalled $11.08 billion, $13.9 billion in 2009, and in 2010 total sales rose to $16.1 billion, of which a major portion was in Europe and North America. Teva acquired its U.S. rival Ivax Corporation in January 2006, Barr in 2007 and Ratiopharm in 2010. Teva's facilities are located in Israel, North America, Europe, and Latin America. In 2010, it had 39,660 employees. In Israel, the number of workers rose 7.5% to 6,774. In March 2010, Teva acquired German-based company Ratiopharm in a nearly $5 billion deal, significantly expanding its European coverage. In May 2011 Teva announced it will purchase Cephalon for US$6.8 billion as part of its effort to expand its presence in the proprietary pharmaceuticals sector.

, Teva is the tenth largest company by market capitalization on the Nasdaq just behind Gilead Sciences, and is a member of both the NASDAQ-100 and TA-25 Index (in which it represents 9.5% of the total Index value).

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