Teva Pharmaceutical Industries Ltd (TEVA): Teva Pharmaceutical eyes more acquisitio...

Teva Pharmaceutical Industries Ltd (TEVA)

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Tuesday, 05/05/2009 7:11:34 AM

Tuesday, May 05, 2009 7:11:34 AM

Teva Pharmaceutical eyes more acquisitions -CFO

http://www.reuters.com/article/marketsNews/idINL565608420090505?rpc=44

May 5 (Reuters) - Teva Pharmaceutical Industries (TEVA.O: Quote, Profile, Research, Stock Buzz), the world's biggest generic drugmaker, is in the market for more acquisitions following its purchase of rival Barr, Teva Chief Financial Officer Eyal Desheh said on Tuesday.

Desheh told Reuters, following the release of first-quarter results, that the first quarter was expected to be the weakest this year for launches of new products.

"The fourth quarter is supposed to be the most actice in new launches and in between we expect improvement from one quarter to the next," he said.

Desheh also said Teva (TEVA.TA: Quote, Profile, Research, Stock Buzz) was seeing only marginal impact from the global economic slowdown, and this was being offset by customers seeking generic drugs that are cheaper than branded products.