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Teva, Handok Establish Business Venture

Teva gains access to Korean market

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Teva Pharmaceutical Industries, Ltd. and Handok Pharmaceuticals Co., Ltd. have established a business venture in South Korea giving Teva access to the Korean market. Teva will contribute its global resources, with responsibilities for manufacturing and supplying a range of medicines. Handok will be responsible for sales and marketing, distribution, and regulatory affairs. Teva will have a 51% stake in the new business venture and Handok will have 49%.   “This is another significant step in...

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