• North Wales-based Teva proposes $5B debt plan

    North Wales-based Teva proposes $5B debt plan

    Just a few weeks after announcing layoffs of more than 200 employees throughout the Philadelphia region, Teva Pharmaceuticals is asking the Securities and Exchange Commission to approve a debt plan to raise $5 billion. Based in Israel, Teva  — the world’s largest manufacturer of generic drugs — has its North American headquarters in North Wales.…

  • Teva Pharmaceutical to cut 200 jobs in North Wales

    Teva Pharmaceutical to cut 200 jobs in North Wales

    Teva Pharmaceutical Industries will eliminate more than 200 jobs from its North Wales location, and 14,000 globally as part of a cost-saving restructuring plan. The Israeli generic drug maker, which calls North Wales its U.S. headquarters, said last month it would eliminate  more that 25 percent of its total work force — over the next two years. It…