Mixed Blessing: Teva and Israeli Biotech
This article was originally published in Start Up
Executive Summary
Teva is keeping the Israeli biotech industry alive -- while Big Pharma by and large ignores its technological riches. But without some competition for financing and development support, the industry is hardly likely to flourish. The disastrous case of Proneuron and its IP on Copaxone, Teva's biggest drug, highlights the problems for Israeli start-ups when one company dominates the partnering scene.