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Teva's US IUD Brings In $1.1bn For The Embattled Generics Firm

 
• By John Davis

Teva’s planned divestment of non-core assets in order to refocus the company after a troubled first-half has started with a contraceptive device.

Two businessmen shaking hands during a meeting in the office, success, dealing, greeting & business partner concepts - soft light.

Although the strategy may change when Kare Schultz, the newly appointed president and CEO at Teva Pharmaceutical Industries Ltd. settles in, the company’s first divestment of a non-core women’s health asset, the intrauterine copper-releasing device, Paragard, was announced Sept. 11.

The IUD and its Buffalo, NY based manufacturing facility is to be sold to the US-based CooperSurgical Inc. for...

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