M&A Deal Summary

Watson Pharmaceuticals Acquires Teva Pharmaceutical Industries - Portfolio Of Generic Pharmaceuticals

On November 25, 2008, Watson Pharmaceuticals acquired life science company Teva Pharmaceutical Industries - Portfolio Of Generic Pharmaceuticals from Teva Pharmaceutical Industries for 36M USD

Acquisition Highlights
  • This is Watson Pharmaceuticals’ 4th transaction in the Life Science sector.
  • This is Watson Pharmaceuticals’ 5th largest (disclosed) transaction.
  • This is Watson Pharmaceuticals’ 1st transaction in Israel.

M&A Deal Summary

Date 2008-11-25
Target Teva Pharmaceutical Industries - Portfolio Of Generic Pharmaceuticals
Sector Life Science
Buyer(s) Watson Pharmaceuticals
Sellers(s) Teva Pharmaceutical Industries
Deal Type Divestiture
Deal Value 36M USD

Target

Teva Pharmaceutical Industries - Portfolio Of Generic Pharmaceuticals

Israel
The portfolio of products consists of 17 products, including 15 FDA-approved products and 2 development-stage products. Key products in the portfolio include: Cyclosporine Capsules and Liquid,Desmopressin Acetate Tablets,Glipizide/Metformin HCl Tablets , Mirtazapine Orally Disintegrating Tablets,Metoclopramide HCl Tablets.

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Buyer(S) 1

Buyer

Watson Pharmaceuticals

Florham Park, New Jersey, United States

Category Company
Founded 1931
Sector Medical Products
Employees1,325
DESCRIPTION

Watson Pharmaceuticals, Inc.,is a specialty pharmaceutical company that develops, manufactures, markets and distributes branded and generic pharmaceutical products. Watson pursues a growth strategy combining internal product development, strategic alliances and collaborations and synergistic acquisitions of products and businesses.


DEAL STATS #
Overall 5 of 9
Sector (Life Science) 4 of 5
Type (Divestiture) 2 of 3
Country (Israel) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-13 Sekhsaria Chemicals

Mumbai,, India

Sekhsaria provides process research and development and contract manufacturing services to the global pharmaceutical industry, including the development and manufacture of active pharmaceutical ingredients (API) and related intermediates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-02 Watson Pharmaceuticals - Abbreviated New Drug Application

United States

Watson Pharmaceuticals - Abbreviated New Drug Application is for Cabergoline, the generic equivalent to Dostinex®.

Sell -

Seller(S) 1

SELLER

Teva Pharmaceutical Industries

Tel Aviv, Israel

Category Company
Founded 1901
Sector Life Science
Employees35,001
Revenue 15.8B USD (2023)
DESCRIPTION

Teva Pharmaceutical Industries is a provider of pharmaceutical company, committed to increasing access to high-quality healthcare by developing, producing and marketing affordable generic drugs as well as innovative and specialty pharmaceuticals and active pharmaceutical ingredients. Teva Pharmaceutical Industries was founded in 1901 and is based in Tel Aviv, Israel.


DEAL STATS #
Overall 1 of 9
Sector (Life Science) 1 of 8
Type (Divestiture) 1 of 8
Country (Israel) 1 of 4
Year (2008) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-31 Bentley Pharmaceuticals

Exeter, New Hampshire, United States

Bentley Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on advanced drug delivery technologies and generic pharmaceutical products. Bentley's proprietary drug delivery technologies enhance the absorption of pharmaceutical compounds across various membranes. Bentley manufactures and markets a growing portfolio of generic and branded generic pharmaceuticals in Europe for the treatment of cardiovascular, gastrointestinal, infectious and central nervous system diseases through its subsidiaries -- Laboratorios Belmac, Laboratorios Davur, Laboratorios Rimafar and Bentley Pharmaceuticals Ireland. Bentley also manufactures and markets active pharmaceutical ingredients through its subsidiary, Bentley API.

Buy $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-23 Barr Pharmaceuticals

Montvale, New Jersey, United States

Barr Pharmaceuticals, Inc. manufactures generic and proprietary pharmaceuticals in US.

Buy $7.5B