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Outsourcing
Teva to divest API business
by Aayushi Pratap
February 16, 2024
| A version of this story appeared in
Volume 102, Issue 5
Amid rising competition, Teva Pharmaceutical Industries intends to divest its active pharmaceutical ingredients (API) unit to focus on other businesses, including in-house drug development. In 2023, the 4,300-employee unit, a provider of small-molecule APIs, recorded sales of $568 million to third parties—a 16% decrease from 2022. The business also supplies APIs to Teva. The firm expects to complete the divestiture in the first half of 2025.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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