Pharmaceuticals & Biotech

Novopharm Careers, Pay and Expert Network

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Teva Canada is one of Canadas largest generic pharmaceutical companies. The company was 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 dropped in 2010, when it became Teva Canada. Novopharm was founded by pharmacist and businessman Leslie Dan in 1965. Its first product was the generic antibiotic, tetracycline. The company expanded to become Canadas 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 Schaumburg, Illinois, although all products continued to be made in Canada. Novopharm was the first generic company to market a generic version of Glaxos 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 Canadas second largest drug manufacturer. Teva, a generic drug manufacturer based in Jerusalem, Israel, was already one of the worlds largest generic manufacturers. The acquisition made Teva the largest generic drug company in North America.
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