SICOR INC. ACQUIRED BY ISRAELI RIVAL
IRVINE - 11/02/03 - Southern California-based Sicor Inc.has been acquired by Teva Pharmaceutical Industries, a generic drug maker, for nearly $3.3 billion in cash and stock.
 The deal was made to combine the Tel Aviv, Israel-headquartered Teva's strength in making drugs that are taken orally with Sicor's capacity for producing injectable medicines, according to a recent press release.
The acquisition, the release said, "will also allow Teva to expand its roster of products, its customer base, and its geographic reach."
Teva currently specializes in the production of generic drugs in pill, capsule, ointment, and liquid form, as well as producing Copazone, a patented drug used to treat the symptoms of multiple sclerosis.
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