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Teva buys Biocraft Laboratories in $296 million stock swap

Executive Summary

Teva Pharmaceuticals, Israel's largest drug company, is increasing its stake in the US generics market, purchasing Biocraft Laboratories in a $296 million stock swap that values Biocraft at $20.86 a share, a 54% premium to its closing on Jan. 26.
Deal Industry
  • Pharmaceuticals
    • Generic Drugs
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition

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