Teva, Takeda Establish Partnership in Japan; Teva to Own 51% Stake, Takeda to Own 49% Stake - Teva Pharmaceutical Indus (NYSE:TEVA)

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Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) and Takeda Pharmaceutical Company Limited (OTC: TKPYY) today announced that the two companies have entered into a definitive agreement to establish an unprecedented partnership in Japan. The strategic move between Takeda, an R&D driven pharmaceutical company which has a long history as a leading company in Japan, and Teva, among the top ten pharmaceutical companies in the world and the global leader in generics, will form a new business venture to meet the wide-ranging needs of patients and growing importance of generics in Japan. As one of the fastest growing generics markets in the world, Japan is expected to continue its high growth driven by social requirements such as increased patients' needs for

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