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Teva Offloads Women's Health Business To Two Firms For $1.38Bn

 
• By Jessica Merrill

The generic drug maker signed two deals to divest its women's health business, one with the equity investment firm CVC Capital Partners and the other with Foundation Consumer Healthcare.

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Teva Pharmaceutical Industries Ltd. is making progress on its initiative to divest non-core assets to repay debt. The company said it will receive $1.38bn from the sale of its global women's health business to two different companies Sept. 17, about a week after announcing an agreement to sell the IUD Paragard for $1.1bn.

Most of the ex-US women's health portfolio will go to the equity investment firm CVC Capital Partners, which agreed to buy Teva's contraception, fertility, menopause and osteoporosis portfolio for $703m

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