Teva Pharmaceutical Industries Ltd. is an Israeli multinational pharmaceutical company. Teva specializes primarily in generic drugs, but other business interests include branded-drugs, active pharmaceutical ingredients (API's) and, to a lesser extent, contract manufacturing services and an out-licensing platform.
Günther Friedländer, founder of Teva Pharmaceutical Industries in Jerusalem
Workers at Assia plant in the 1930s
Teva plant, Har Hotzvim, Jerusalem
Teva in Markham, Ontario
A generic drug is a pharmaceutical drug that contains the same chemical substance as a drug that was originally protected by chemical patents. Generic drugs are allowed for sale after the patents on the original drugs expire. Because the active chemical substance is the same, the medical profile of generics is equivalent in performance compared to their performance at the time when they were patented drugs. A generic drug has the same active pharmaceutical ingredient (API) as the original, but it may differ in some characteristics such as the manufacturing process, formulation, excipients, color, taste, and packaging.
In some countries, such as Brazil (photo) and France, more than 20% of all drug sales in units are generic.
Generic Drugs Research
