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Teva CEO Kåre Schultz got a $4 million pay bump in 2020, and he'll stick around at the Israel-based generics giant for another year, the company's proxy filing revealed. The company credits Schultz with guiding the drugmaker through a two-year cost cutting spree and slashing its spend base by $3 billion.
Israeli, Danish, Austrian leaders discuss pandemic cooperation A vaccine production plant in Israel, an international green passport, and self-tests for Covid-19 were among the ideas examined. A vaccine production plant in Israel, a green passport, and self-tests for Covid-19: Israel is about to embark on a program to set up a vaccines production plant in Israel in cooperation with the governments of Denmark and Austria. Prime Minister Benjamin Netanyahu, who led the move together with Danish Prime Minister Mette Frederiksen, held working meetings on the matter with her and with Chancellor of...
“I can’t respond directly to things that have been said by Benjamin Netanyahu or Teva CEO Kare Schultz, but I can say there are talks taking place since Moderna is obligated to increase our vaccine production capacity. We are currently working on manufacturing agreements with other companies both for producing the raw material for the vaccine and for its filling and packaging. We are updating our annual production targets and there may be further updates forthcoming,” Dr. Tal Zaks, the chief medical officer of Moderna said in an exclusive interview with Calcalist. A week ago Israeli ...
The daily number of new coronavirus cases in the US was under 100,000 for a third consecutive day on Tuesday, the first time that’s happened since the week of November 2. The US Centers for Disease Control and Prevention began recommending that Americans wear a cloth mask over a medical mask to slow the spread of Covid-19. A World Health Organisation panel recommended AstraZeneca’s vaccine for all adults over 18, paving the way to speed up inoculations in developing countries. Chancellor Angela Merkel plans to gradually reopen Germany’s shuttered hairdressers, schools and stores, even...
Operator Ladies and gentlemen, thank you for standing by. Welcome to today's Teva fourth-quarter and full-year 2020 financial results. [Operator instructions] I must advise you that this conference is being recorded today, Wednesday, the 10th of February 2021. I would now like to hand the conference over to your speaker today, Kevin Mannix, senior vice president, head of investor relations. Please go ahead, sir. Senior Vice President, Head of Investor Relations Thank you, Sharon. And thank you, everyone, for joining us today to discuss Teva's fourth-quarter and full-year 2020 financial result...