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Chemical Week Magazine :: Pharmaceuticals & Fine Chemicals

Teva Pharmaceutical to Acquire Barr for $7.46 Billion

11:02 AM MDT | July 29, 2008 | Deepti Ramesh

Teva Pharmaceutical Industries Ltd. (Petach Tikva, Israel) says it has signed a definitive agreement to acquire specialty pharma firm Barr Pharmaceuticals (Montvale, NJ), the fourth-largest generic drug company worldwide, for about $7.46 billion. Teva will also assume Barr’s outstanding net debt of about $1.5 billion. The transaction is expected to close by year-end. Barr develops and manufactures generic and proprietary drugs, active pharma ingredients (APIs), and biopharmaceuticals. Yanai: Strengthen leadership in the U.S. The deal “will enhance our...

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