Teva Pharmaceutical Industries Ltd (TEVA)

[genisi]

TEVA- more possible acquisition gossip.

http://www.haaretz.com/hasen/spages/822519.html

Teva's competing with Novartis to buy India's Aurobindo - report
06.2.07 | 08:42 By TheMarker

Teva Pharmaceuticals (TASE, Nasdaq: TEVA) is competing with Novartis to buy the Indian drug company Aurobindo Pharma, the Hindustan Times reports.

A deal over the Hyderabad-based maker of oral and sterile antibiotics is close, the paper claims.

Israel-based Teva, the biggest maker of generic drugs in the world, has long been rumored to be looking for an Indian company to buy.

The Times notes that Aurobindo, which also specializes in unbranded drugs, has 139 patents in the U.S. and the European Union.

Evidently sensing something in the works, shares in Aurobindo have taken off lately, almost doubling since mid-2006.

The Times could not obtain comments from any of the companies.