Teva Sells Off Remaining Women's Health Assets For $1.4B
Law360, New York (September 18, 2017, 6:43 PM EDT) -- Teva Pharmaceutical Industries Ltd. said Monday it will sell the remainder of its global women's health portfolio in a pair of transactions totaling nearly $1.4 billion as the company turns its focus toward central nervous system and respiratory medicines.
New York-based private equity fund CVC Capital Partners Fund VI will pay $703 million in an all-cash transaction to pick up a portfolio consisting of a variety of women's health products from Israel-based Teva. The drugs include contraceptives Seasonique and Zoely, menopause medication Colpotrophine, fertility treatment Ovaleap, and osteoporosis medicine Actonel.
Teva also announced a deal with Pennsylvania-based, over-the-counter medication company Foundation...
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