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Teva completes Novopharm takeover
[Daily Edition]
Jerusalem Post - Jerusalem
Author: Jerusalem Post Staff
Date: Apr 6, 2000
Start Page: 13
Section: Economics
Abstract (Document Summary)

Teva Pharmaceutical Industries said yesterday it had completed its announced agreement to acquire Novopharm in exchange for approximately 6.2 percent of Teva's outstanding shares.

Israel's largest pharmaceutical company added that Novopharm would help Teva's European expansion.

Novopharm, a closely held group of Canadian companies, has a Canadian market share of about 20% and also has a substantial presence in the US generic market, as well as in Hungary.

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