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Teva CEO Steps Down While An Integration Hangs In The Balance

 
• By Jessica Merrill

After a damaging court ruling on Copaxone 40 mg and some management missteps, CEO Erez Vigodman will step down as CEO of the Israeli generic drug leader. Chairman Yitzhak Peterburg will fill in on an interim basis.

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The departure of Teva Pharmaceutical Industries Ltd. CEO Erez Vigodman leaves the Israeli generic drug giant without both of the two primary architects of its $40.5bn acquisition of Allergan PLC’s generics business in 2016, potentially posing risks to the integration.

Vigodman will step down almost three years to the day after he took the helm, having failed to turn around the struggling business. Teva announced the leadership transition Feb. 7,...

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