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Teva Pharmaceutical Industries Ltd And Lonza Group AG Announce Mutual Decision To Discontinue Biologics Joint Venture


Thursday, 25 Jul 2013 01:01am EDT 

Teva Pharmaceutical Industries Ltd and Lonza Group AG announced that following a strategic review of the Teva-Lonza Joint Venture (TL-JV), the companies have decided to discontinue their collaboration for the development, manufacturing and marketing of biosimilars. The discontinuation of the TL-JV, which began in 2009, will enable both companies to better advance their own strategies and efforts in serving those healthcare communities. Both companies will continue to explore opportunities to maximize the value of the investments and progress that the joint venture has made to this point, and remain in agreement that affordable, efficacious and safe biosimilar treatments will bring benefits to patients and better serve these communities. 

Company Quote

54.49
0.49 +0.91%
2:09pm EDT