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Having Lost 1/3 of Its Value in 2 Days Teva Drags Down Tel Aviv Exchange, Layoffs to Follow

Teva Pharmaceutical Industries / Photo credit: Public domain by Open Grid Scheduler / Grid Engine via Flickr

(JNi.media

This collapse comes in the wake of the world’s biggest generic drugs maker attempt to dominate its market with a $40.5 billion acquisition of Allergan’s generics business last year. It was a bad call.

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