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Time Is Of The Essence As Teva Considers European Assets Bids

 
• By Kevin Grogan

Drug makers and private equity firms expected to submit their offers soon for Teva's oncology and pain businesses in Europe as the Israeli company bids to reduce debt by $5bn by the end of 2017.

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Teva is looking to raise $1bn in the sale of non-core assets in Europe • Source: Shutterstock

It is getting close to 'put your money where your mouth is' time for potential buyers of Teva Pharmaceutical Industries Ltd.'s non-core assets in Europe with a number of drug makers and private equity firms expected to be in the mix.

In May, the embattled Israeli company said it had chosen to pursue the sale of its women’s health, oncology and...

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