The Procter & Gamble Company and Teva Pharmaceutical Industries Form Consumer Health Care Partnership

The Procter & Gamble Company

and Teva Pharmaceutical Industries Ltd.

today announced the signing of a master agreement to create a partnership in consumer health care by bringing together both companies' existing over-the-counter medicines and complementary capabilities to accelerate growth. This new business model combines P&G's strong brand-building, consumer-led innovation and go-to-market capabilities with Teva's broad geographic reach, its experience in R&D, regulatory and manufacturing and its extensive portfolio of products.