Teva Pharmaceuticals' Copaxone treatment.

Israel-based pharmaceutical major Teva is looking towards Asia for acquisitions, hoping to expand into a market where generic use will increase.

Teva chief financial officer Eyal Desheh highlighted markets in China, India, Vietnam, Korea and the Philippines.

"The key is very local businesses," he said. "There won’t be deals the size of Cephalon, Ratiopharm and Barr, but it’s possible to expect smaller acquisitions and acquisitions of products."

Desheh was speaking at the JP Morgan Global Healthcare Conference in San Francisco, US, where Pfizer also announced that it would be drawing its attention away from large acquisitions to focus on smaller purchases instead.

Teva was publicising its future strategy against the backdrop of the looming patent expiry of its multiple sclerosis blockbuster Copaxone. The company is also looking to expand its branded business to compensate for the expiration, reports Bloomberg.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Two products expected to cater for losses made after the patent expiry are chronic myeloid leukaemia medication Omapro and an extended-release hydrocodone treatment for chronic pain, as revealed by Teva America president William Marth.

Caption: Teva is preparing for life after Copaxone, which is due to go off-patent. Credit: Mariusz Ch