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December 2005 »

Par to get 8 Drugs from Teva-Ivax deal

22 December, 2005

Generic drug maker Par Pharmaceutical Cos. said Thursday it is buying eight drugs from rival Teva Pharmaceutical Industries Ltd., pending the completion of its takeover of Ivax Corp.

Last week, Par said it was acquiring the distribution rights to three drugs that Ivax was required to divest as part of its combination with Teva. The Teva-Ivax deal is expected to close on Jan. 12.

Source:- http://www.businessweek.com/ap/financialnews/D8ELIE8GD.htm?campaign_id=apn_home_down&chan=db



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