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Teva mulling sale of Medis, respiratory assets

( August 9, 2017, 14:51 GMT | Insight) -- Israeli pharmaceutical company Teva is considering the sale of its Iceland-based unit Medis as well as some its respiratory treatment assets, Bloomberg reports. Medis develops generic medications for other companies and is said to be worth between $50...Israeli pharmaceutical company Teva is considering the sale of its Iceland-based unit Medis as well as some its respiratory treatment assets, Bloomberg reports. Medis develops generic medications for other companies and is said to be worth between $500 million and $1 billion. Teva's respiratory treatments have a similar estimated sale price. The company is looking to cut back debt after its ill-timed purchase of rival Allergan's generics unit. ...

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