United Kingdom

Teva's history


Company Profile  Facts & Figures Our History

    

  

         

 

Company Profile
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Focused on your needs

A simple, unified Teva offers adaptive and accessible solutions for patients 

Our mission is to be a global leader in generics and biopharmaceuticals, improving the lives of patients across the globe. For more than a century healthcare providers, patients, and caregivers have been using Teva’s medicines.

Teva saves patients and healthcare systems billions of dollars every year by offering accessible generic alternatives to branded treatments.Today, one of every nine generic prescriptions in the US2, one of every six generic prescription packs supplied to the UK3 and one of every eight prescriptions in Germany4 is a Teva product. 

We strive to develop innovative specialty treatments. In the past few years we have launched treatments addressing needs in migraine and movement disorders.

Together with our extensive product offering, it is the scope of our work that makes Teva a global leader. We deliver more than 3,500 different products to patients in more than 60 countries.5 Our portfolio is among the largest of any pharmaceutical company in the world. Every day almost 200 million people around the globe take a Teva medicine6 and more than 1 million prescriptions in the US are filled with a Teva product daily.2

In order to reach our patients in Los Angeles or Lima, Montevideo or Moscow, Teva's global supply chain is among the largest and most complex of any pharmaceutical company. Our network of 43,000 employees and 70 global manufacturing sites works around the clock.5 Every hour there is a plane in the air, a ship on the seas or a truck on the road delivering Teva medicines to pharmacies and hospitals. Our ambition is that our patients get the right medicine where and when they need it.

Our leadership has been shaped by our people and culture, which has remained true to our humble beginnings. Since Teva’s establishment in 1901 in Jerusalem, our leadership has been marked by tenacity, entrepreneurial spirit, and an aspiration to improve people's lives. We are excited to continue helping improve the health of generations of Teva patients for years to come.

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[1] MGA Economic Impact Study dated June 2017

[2] Based on IQVIA NPA - Generic TRx by Corp – MAT March 2019

[3] Data on File: UKMED180180 vCertification 1.2 DOF 148a 1 in 6 prescription packs

[4] Generic Association Pro Generika, based on 2018 IGES calculation (INSIGHT Health)

[5] Data source for number of products: Teva Global Operations

[6] Internal analyses conducted by Global Insights, Access & Technologies estimating number of Teva consumers. dated Aug 2016 and Apr 2019

           

       

  

  

         

 

Company Facts & Figures
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Teva by the Numbers.

Teva was established in 1901. Our global headquarters are based in Israel. Today we have a portfolio of more than 3,500 medicines, and produce approximately 120 billion tablets and capsules a year1. We have over 70 manufacturing facilities in more than 30 countries1.

We rank among the leading pharmaceutical companies in the world and are active in 60 markets. Approximately 43,000 employees around the world are dedicated to our mission. Our innovative and high quality medicines serve about 200 million people every day2.

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[1]  
Data source for number of products & facilities: Teva Global Operations

[2] Internal analyses conducted by Global Insights, Access & Technologies estimating number of Teva consumers. Ref 2.1 dated August 2016; Ref 2.2 dated April 2019

           

       

  

  

         

 

Our history
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Bringing high quality medicines to the world since 1901

The company known today as Teva started as a small business in Jerusalem in 1901. The young company, named after its pharmacist founders, Salomon, Levin and Elstein Ltd., distributed imported medicines throughout the region using mule trains and camel caravans.

Over the following decades, the company’s growth was spurred as demand for locally produced medicines grew. In 1976, the company became Teva (the Hebrew word for “nature”) Pharmaceutical Industries Ltd.

Teva grew significantly across the globe through numerous successful acquisitions which integrated and enhanced our expertise in innovative and generic medicines, as well as new therapeutic areas and markets. Today, Teva is among the top 15 global pharmaceutical companies – a world leader in generic and specialty medicines.

We've been around longer than the NHS, and that's going back a long way!

  • We can trace our UK history back to Yorkshire in the 1930s when we were known as APS, or Approved Prescription Services.
  • In 1996 APS Berk was acquired by Teva Pharmaceutical Industries Ltd. For Teva this represented a valuable entry into the UK market.
  • In 2004 we changed our name to Teva.
  • Teva has acquired a number of businesses over the years, bringing together expertise in innovative and branded medicines, 
    as well as generic medicines.

Our growth has continued with the acquisitions of ratiopharm, Cephalon, NuPathe, Auspex, Rimsa and Actavis Generics (amongst others),
bringing many innovative and branded products to Teva's range.

Our future looks bright

"We are looking at healthcare options that are fit for the future, like new technologies, innovative devices, and a fresh approach to services.
We are partnering with technology, digital and e-health companies to help make treatment options that are fit for the future".
 

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Reference

[1] Teva annual report filing 2018. Based on 2018 revenue data from public filings

 

Take a look through our photo album, showing how the company has evolved over the years

           

       

Teva Ref: AT303