Israel's Teva in talks to set up China venture with Guangzhou Pharma

Israel's Teva in talks to set up China venture with Guangzhou Pharma

Boxes of tablets, produced by Teva Pharmaceutical Industries Ltd., sit on a pharmacy counter in this arranged photograph in London, U.K. Photographer: Chris Ratcliffe/Bloomberg

Teva Pharmaceutical Industries Ltd. is making its boldest move in China with plans to set up a joint venture with Guangzhou Pharmaceutical Holdings Ltd. to make and sell the Israeli company’s generic drugs in the world’s second-biggest market for medicines, according to its partner.

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