Soros Doubles Down on Israeli Drugmaker Teva


sorosSoros Fund Management LLC, the family office of billionaire George Soros, boosted its stake in Teva Pharmaceutical Industries Ltd., making the Israeli drugmaker its largest holding in the fourth quarter.

The New York-based firm added 5.7 million shares to its stake in Teva during the last three months of 2013, boosting its holding to $373 million, according to a filing with the U.S. Securities and Exchange Commission on Feb. 14. Teva was the fund’s largest increase by market value during the period and represents 4 percent of the $9.2 billion fund, according to data compiled by Bloomberg.

Teva, the world’s largest maker of generic drugs, has gained 10.3 percent this year after its board appointed Erez Vigodman as its new chief executive officer, replacing Jeremy Levin, who resigned in October. The company has pledged to overhaul its board and cut costs as it faces competition from cheaper generic versions for its multiple sclerosis drug Copaxone, which analysts say contributes to more than 50 percent of profit.

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  1. the schematic overblown caper does nothing to undermine this media darling, nor does it send warren buffett scuttling for cover as it merely deduces that the biological underpinnings that already roam freely in this benign republic are foreign invested and weighed down by more boding concerns in an era of utopian hypocrisy.matters rest when the energy siphons to a draw well figuratively if nor furtively.

  2. when will you stop printing this garbage that people type by trying to sound like moronic sophisticates with a dribble of sherry in their belly?

  3. which part didn’t you get, junior? does everyone need this simplified? what have we come to in this dumbed down educational framework?

  4. Dear #1. Before you start insulting people because they don’t understand your pompous, multi-syllabic rantings, kindly take the time to proofread what you wrote. Where are your capital letters? Where is your proper punctuation? What about your misspelled words and your incorrect spacing?
    I also failed to understand the meaning of your rambling drivel, but before you look down from your high horse at my inability to understand the English language, let me tell you that I’m an honors graduate of one of the country’s top universities. I am also the daughter of a high school English teacher and an elementary school principal, and I do Mensa crossword puzzles in my spare time. I am intelligent and articulate and, though I read your comments several times, I did not understand the point you were trying to make. Therefore, it is my humble opinion that it is your inability to couch your opinions in clear and concise terms that is to blame for our lack of understanding and not, as you were so quick to point out, our intellectual abilities or educational background.