Teva Pharmaceutical Loses Third of Its Value In Two Days
Trade at the Tel Aviv Stock Exchange opened Sunday with a sharp downturn, with Teva Pharmaceutical’s shares dropping by 18% and dragging the leading indices with it.
Teva Pharmaceutical Will Cut 7,000 Jobs and Close Plants
The world’s biggest maker of generic drugs said Thursday that it will cut 7,000 jobs by year’s end, close or sell 15 factories over the next two years, and quit operations in 45 countries by the end of 2017.
Israel Police Investigate Teva Pharmaceutical
The police’s national fraud unit has launched an investigation into suspicions that Teva Pharmaceutical Industries bribed officials abroad a month and a half after the company settled a similar case in the United States.
Teva CEO Steps Down
Erez Vigodman, the Chief Executive Officer of the Israeli generic drugmaker giant Teva Pharmaceutical Industries stepped down effective immediately on Monday, the company said.
Israeli Pharmaceutical Giant Teva Investigating Bribery Accusations In Romania
The Israeli pharmaceutical giant Teva has reportedly been in the midst of an internal investigation into bribery allegations that the company has been bribing Romanian healthcare workers into prescribing its medication.