Teva to enter Korean drugs market with Handok venture

[riky]

Teva to enter Korean drugs market with Handok venture

JERUSALEM (Reuters) - Israel's Teva Pharmaceutical Industries has entered into a joint venture with Handok Pharmaceuticals, aiming to gain a foothold in the $14 billion Korean market. The agreement ends months of speculation that Teva was interested in making an acquisition in South Korea, where the Israeli company noted healthcare spending is expected to reach as much as 9 percent of gross domestic product by 2015. ...

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