Teva Pharmaceutical Industries Limited Facility In Phildelphia Now Seems Uncertain, 400 New Jobs May be Put on Hold
Published: Jun 05, 2012
Teva Pharmaceuticals Ltd.’s plans to build a facility in Northeast Philadelphia now appear uncertain, as the drugmaker goes through tumultuous change at the top of its global organization. In September, the world’s leading producer of generic medicine organized a groundbreaking ceremony to herald planned construction of a $300 million, 1.1 million-square-foot distribution/warehouse/computer data complex on the site of the former Budd Co. plant along Red Lion Road in the city’s Bustleton section. The facility was to bring together 200 jobs from other Pennsylvania locations and create 200 more jobs within three years.