Teva Pharmaceutical Industries

Teva Pharmaceutical Industries is an Israeli multinational drug company and the world's largest generic drug manufacturer, headquartered in Tel Aviv and listed on both the Tel Aviv Stock Exchange and the New York Stock Exchange. It also sells branded medicines, active pharmaceutical ingredients and biosimilars. Teva reported revenue of about $17.3 billion for fiscal 2025, according to SEC data compiled by AmericanCompanies.

Last updated: October 31, 2026

What Is Teva Pharmaceutical Industries?

Teva specializes primarily in generic drugs, with additional business in branded drugs, active pharmaceutical ingredients (APIs), and to a lesser extent contract manufacturing and out-licensing. Its branded products include Copaxone, Bendeka and Treanda, which are primarily sold in the United States, according to Google Finance's company summary. The company is a component of the TA-35 index on the Tel Aviv Stock Exchange.

How Did Teva Begin?

Teva traces its roots to 1901, with the modern company formally dating to 1935. Its earliest predecessor was SLE Ltd., a wholesale drug business founded in 1901 by Chaim Salomon, Moshe Levin and Yitschak Elstein, according to Wikipedia. Teva became a public company in 1951 through an offering on the newly founded Tel Aviv exchange, and in 1976 Teva, Assia and Zori merged into the modern Teva Pharmaceutical Industries.

How Did Teva Become a Global Generic Leader?

Teva grew through acquisitions of other drug makers. It bought the Israeli companies Ikapharm and Plantex in 1980 and later announced the acquisition of the German generic maker Ratiopharm in March 2010 for about $5 billion, according to Wikipedia. Teva derives about half of its sales from North America, according to the AmericanCompanies company profile.

What Antitrust Issue Has Teva Faced?

Teva has faced legal trouble over alleged price-fixing in generic drugs. In 2023, Teva paid the largest fine to date for a domestic antitrust cartel, in connection with a US Department of Justice criminal investigation into price-fixing, according to Wikipedia.

Frequently Asked Questions

Is Teva an Israeli company?

Yes. Teva Pharmaceutical Industries is headquartered in Tel Aviv, Israel, and is listed on the Tel Aviv Stock Exchange and the New York Stock Exchange.

What does Teva make?

Teva makes generic medicines, branded drugs, active pharmaceutical ingredients and biosimilars.

Is Teva the largest generic drug maker?

Teva is described as the largest generic drug manufacturer in the world, according to Wikipedia and company profiles.

When was Teva founded?

Teva's earliest predecessor dates to 1901, and the company was formally established in 1935.