Teva Offloads Women's Health Business To Two Firms For $1.38Bn

The generic drug maker signed two deals to divest its women's health business, one with the equity investment firm CVC Capital Partners and the other with Foundation Consumer Healthcare.

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Teva Pharmaceutical Industries Ltd. is making progress on its initiative to divest non-core assets to repay debt. The company said it will receive $1.38bn from the sale of its global women's health business to two different companies Sept. 17, about a week after announcing an agreement to sell the IUD Paragard for $1.1bn.

Most of the ex-US women's health portfolio will go to the equity investment firm CVC Capital Partners, which agreed to...

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