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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. Read more

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. Read more