Tuesday, January 22, 2008

Teva buy biologics

The WSJ report that generic-drug giant Teva Pharmaceutical Industries Ltd. has agreed to acquire biopharmaceutical company CoGenesys Inc. for $400 million in cash.

The deal, which is expected to close by the end of June, is likely to stoke the debate about the role generic-drug makers should play in the emerging market for biological therapies.

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