Teva To Sell Israeli Vet Business

Teva Pharmaceutical Industries Ltd. has entered into a definitive agreement to sell its Israeli-based veterinary business unit to Phibro Animal Health Corp. of Ridgefield Park, N.J., for $47 million.

The transaction, still subject to certain conditions, is expected to close in the first quarter of 2009.

The unit develops, manufacturers and markets veterinary products for poultry and other large farm animals, both in Israel and internationally, including Southeast Asia, Africa, Latin America and Eastern Europe.

Phibro Animal Health has a subsidiary, Koffolk, in Israel.



Leave a Comment


Your email address will not be published. Required fields are marked *



Sign-up for your account with Veterinary Practice News. Your account gives you unlimited free access to our Newsletter Archives and our Digital Editions of Veterinary Practice News.
Please check the box below to confirm you would like to be added to Kenilworth Media’s various e-mail communications (includes e-newsletters, a survey now and then, and offers to the veterinarian industry*).

Leave this empty:

*We do not sell your e-mail address to 3rd parties, we simply forward their offers to you. Of course, you always have the right to unsubscribe from any communications you receive from us, should you change your mind in the future.