Novopharm
Encyclopedia
Teva Canada is one of Canada's largest generic pharmaceutical
companies. The company was originally founded as Novopharm by Leslie Dan
in 1965. After its acquisition by pharmaceutical giant Teva Pharmaceutical Industries
in 2000, it was renamed Teva Novopharm. The Novopharm name was officially dropped in 2010, when it became Teva Canada.
Novopharm remained privately held by the Dan family until 2000, when it was acquired by Teva Pharmaceuticals. At the time, Novopharm was Canada's second largest drug manufacturer. Teva, a generic drug manufacturer based in Jerusalem, Israel
, was already one of the world's largest generic manufacturers. The acquisition made Teva the largest generic drug company in North America.
, Ontario
area, including its headquarters in Scarborough
, a specialized antibiotic
s manufacturing facility in Markham
, and their main manufacturing facility in Stouffville. Their headquarters is also home to their main laboratory, packaging, and warehousing operations. According to their promotional brochure, their Markham site, which underwent a major expansion in 2004, is the largest antibiotic manufacturing facility in North America.
In addition to the Canadian drug market, products manufactured by Teva Canada are exported worldwide under the Teva name.
Generic drug
A generic drug is a drug defined as "a drug product that is comparable to brand/reference listed drug product in dosage form, strength, route of administration, quality and performance characteristics, and intended use." It has also been defined as a term referring to any drug marketed under its...
companies. The company was originally founded as Novopharm by Leslie Dan
Leslie Dan
Leslie Lewis Dan, , is a Canadian businessman. The founder of a successful generic drug company and a noted philanthropist, he has been awarded the Order of Canada and the Order of Ontario.-Early life:...
in 1965. After its acquisition by pharmaceutical giant Teva Pharmaceutical Industries
Teva Pharmaceutical Industries
Teva Pharmaceutical Industries Ltd. , is an international pharmaceutical company headquartered in Petah Tikva, Israel. It specializes in generic and proprietary pharmaceuticals and active pharmaceutical ingredients...
in 2000, it was renamed Teva Novopharm. The Novopharm name was officially dropped in 2010, when it became Teva Canada.
History of the company
Novopharm was founded by pharmacist and businessman Leslie Dan in 1965. Its first product was the generic antibiotic, tetracycline. The company expanded to become Canada's second largest generic drug manufacturer and it also owned sites in the US and Hungary by the mid 1990s. In Hungary, the company owned a small subsidiary called Human. In the US, it operated a distribution center in Schaumberg, Illinois, although all products continued to be made in Canada. Novopharm was the first generic company to market a generic version of Glaxo's Zantac for the US market.Novopharm remained privately held by the Dan family until 2000, when it was acquired by Teva Pharmaceuticals. At the time, Novopharm was Canada's second largest drug manufacturer. Teva, a generic drug manufacturer based in Jerusalem, Israel
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
, was already one of the world's largest generic manufacturers. The acquisition made Teva the largest generic drug company in North America.
Facilities and markets served
Teva Canada maintains several facilities in the TorontoToronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
, Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
area, including its headquarters in Scarborough
Scarborough, Ontario
Scarborough is a dissolved municipality within the city of Toronto, Ontario, Canada. Geographically, it comprises the eastern part of Toronto. It is bordered on the south by Lake Ontario, on the west by Victoria Park Avenue, on the north by Steeles Avenue East, and on the east by the Rouge River...
, a specialized antibiotic
Antibiotic
An antibacterial is a compound or substance that kills or slows down the growth of bacteria.The term is often used synonymously with the term antibiotic; today, however, with increased knowledge of the causative agents of various infectious diseases, antibiotic has come to denote a broader range of...
s manufacturing facility in Markham
Markham, Ontario
Markham is a town in the Regional Municipality of York, located within the Greater Toronto Area of Southern Ontario, Canada. The population was 261,573 at the 2006 Canadian census...
, and their main manufacturing facility in Stouffville. Their headquarters is also home to their main laboratory, packaging, and warehousing operations. According to their promotional brochure, their Markham site, which underwent a major expansion in 2004, is the largest antibiotic manufacturing facility in North America.
In addition to the Canadian drug market, products manufactured by Teva Canada are exported worldwide under the Teva name.