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Philips Medical Systems (PHG), Teva Pharmaceutical Industries Limited (TEVA) Ink Israeli Medtech Incubator JV


6/10/2014 7:33:29 AM

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Philips and Teva Pharmaceuticals ink a joint-venture pact for a medical device and drug development incubator in Israel. Philips (NYSE:PHG) and Teva Pharmaceuticals (NYSE:TEVA) are teaming up on a medical device and drug development incubator in Israel, according to a newspaper there. The companies submitted a joint bid to run the incubator and started a JV for it called Inspire Healthcare Innovations, according to Globes.

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