Teva Pharmaceutical Industries Ltd. is ready for an acquisition the size of last year’s 3.63 billion-euro ($4.9 billion) Ratiopharm GmbH takeover as it aims to boost sales to $31 billion by 2015.
The Israeli company is weighing opportunities for acquisitions larger and smaller than Ratiopharm, in branded and generic drugs, Chief Financial Officer Eyal Desheh said in a telephone interview. Teva snatched Ratiopharm away from Pfizer Inc. last March, one in a string of deals that have helped it join the ranks of the world’s fastest-growing drugmakers.
“Are we ready for another acquisition the order of magnitude of Ratiopharm? The answer is yes,” Desheh said yesterday. “We are looking at a number of targets.”
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