Biotech Values

[DewDiligence]

Teva’s corporate culture has been shaped by the CEO, Shlomo Yanai. From the capsule bio of Yanai on Teva’s own website:

Mr. Yanai served for 32 years in the Israel Defense Forces, reaching the rank of Major General, and holding some of the most senior positions in the IDF, including that of Commanding Officer of the Southern Command, and head of the Division of Strategic Planning.

Yanai runs Teva in a military manner, and this carries over to the members of Yanai’s inner circle. These executives view an assault on Teva’s lucrative Copaxone franchise as tantamount to a Declaration of War, and they are determined to respond with all due force right up to the border of legality.

I’m being completely serious.