Leading the Way in Life Science Technologies

GEN Exclusives

More »

GEN News Highlights

More »
Jan 22, 2008

Teva Plans to Acquire CoGenesys for $400M to Advance in the Biogenerics Field

  • Teva Pharmaceutical agreed to acquire CoGenesys for $400 million cash. Teva says that the purchase is an important springboard in the company’s efforts to become a leading player in the biogenerics market.

    “Biopharmaceuticals will be a long-term growth driver for Teva,” remarks Shlomo Yanai, Teva’s president and CEO. “CoGenesys’ acquisition reflects our commitment to capture the significant long-term prospects we believe the biogenerics market will offer.

    “CoGenesys’ breadth of technologies and the depth of their team and pipeline complement Teva’s large-scale operations, extensive resources, and its proven expertise in bringing drugs to market,” Yanai continues. “This combination will enable us to realize our vision of delivering high-quality, affordable biopharmaceuticals worldwide.”

    The transaction is expected to close during the first half of 2008.



Be sure to take the GEN Poll

CRISPR Patent Controversy

Do you think recently released email from a former Broad Institute scientist to Jennifer Doudna will expedite a final legal decision on who owns the CRISPR patent?

More »