Connect with us

Hi, what are you looking for?

Jewish Business News


Wells Fargo analyst dismisses Teva-Mylan merger rumor

Michael Faerm says such a move is unlikely and would not solve Teva’s growth problems.


Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Wells Fargo analyst Michael Faerm recommends that investors should not give credence to the rumors that circulated on Wall Street at the end of last week of a possible merger between Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) and Mylan (NASDAQ: MYL).

In Faerm’s view, such a merger has advantages and disadvantages, but while it could be financially attractive, he considers it unlikely.

Faerm does not see the acquisition of a generic drugs company as a priority for Teva, and says that such an acquisition would not solve its growth problem. He also points out that Mylan may not necessarily be interested in a sale or merger.

This is not the first time that speculation has arisen about a merger between Teva and Mylan. In recent months, rumors have been rife about a big acquisition or merger move involving Teva. Besides Mylan, Canadian company Valent Pharmaceuticals International Inc. (NYSE: VRX) has also been mentioned.

Teva, traded on the New York Stock Exchange and the Tel Aviv Stock Exchange, has a market cap of $46.9 billion, and at the end of last week its share price touched an annual high of $55.14. Mylan has a market cap of $18.8 billion. It is one of four companies aiming to launch a generic version of Copaxone, Teva’s flagship multiple sclerosis treatment.

Published by Globes [online], Israel business news –



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.