InnovationRx: Israel Makes Up 8% Of Teva’s Global Production

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InnovationRx: Israel Makes Up 8% Of Teva’s Global Production
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I'm a senior writer at Forbes covering healthcare technology, and I also write the InnovationRX newsletter. I was previously a healthcare reporter for POLITICO covering the European Union from Brussels and the New Jersey Statehouse from Trenton. I was a 2019-2020 Knight-Bagehot Fellow in business and economics reporting at Columbia University.

Teva is focused on ensuring the safety of its employees and doesn’t expect the war to have a “meaningful impact” on its business.that the $14.9 billion company has been focused on ensuring the safety of its employees and doesn’t expect the war to have a “meaningful impact” on its business. Israel accounts for around 2% of Teva’s global revenues and 8% of total global production.

“We are deeply saddened by the unprecedented, horrific, and brutal attacks on Israeli civilians, including women and children,” spokesperson Kelley Dougherty said in a statement. “As an Israeli company we condemn this appalling assault and Teva stands with Israel in this time of great loss and challenge.” Dougherty said the company has backup manufacturing locations for key products. Teva will report earnings on November 8.

Soroka Medical Center, located just east of Gaza in Beersheva, is now using facial recognition to help family members locate their missing loved ones. The software is able to take an image of a person, including individuals whose features have been impacted by physical trauma, and find a match amongst photos sent in by concerned family members, according to Ofer Ronen, the executive vice president of global development at Corsight AI, which is providing the technology to the hospital for free.

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