Teva Pharmaceutical Industries Ltd has completed its acquisition of Allergan plc’s generics business (Actavis Generics).

Teva president and CEO Erez Vigodman said: “This strategic acquisition brings together two leading generics businesses with complementary strengths, brands and cultures. When combined with Teva’s leading generics portfolio, Actavis Generics’ world-class generics pipeline will further enhance Teva’s goal to deliver the highest-quality gene­ric medicines at competitive prices. The acquisition comes at a time when Teva is stronger than ever in both our generics and specialty businesses.”

Teva’s acquisition of Actavis Generics improves international commercial opportunities and significantly enhances the global scale of its sales and R&D platforms. Teva now has commercial presence across 100 markets, including a top-three leadership position in over 40 markets.

Actavis has a plant at Bulebel Industrial Estate, Żejtun.

Mamo TCV and Simon Tortell & Associates merge

Law firms Mamo TCV Advocates and Simon Tortell & Associates have merged and will continue to be known as Mamo TCV.

The merger will build upon and exploit the synergies of the firms’ respective practices – Mamo TCV’s expertise spans diverse practice areas including corporate and commercial, mer­gers and acquisitions, insolvency, capital markets, banking and finance, insurance, investment services and funds, shipping and aviation, employment, IP, competition, real estate and construction, media and telecommunications and litigation.

Following the merger, Mamo TCV has admitted three new partners Michael Psaila, Frank Testa and Katya Tua.

Prof. Andrew Muscat, managing partner of Mamo TCV said: “We are very excited about this development and are convinced that by combining the mutual strengths of the two firms and complementing its practice areas with additional expertise, Mamo TCV will be in a position to further grow its practice and provide its esteemed clients with an unrivalled breadth of services of the highest quality.”

Mamo TCV is considered as a top-tier legal firm in Malta with over 50 lawyers and professionals from other disciplines.

The firm has become the preferred correspondents in Malta for various, leading law firms based in Europe, particularly those operating out of the UK.

For the past years, Mamo TCV has been consistently top-ranked by Legal 500, IFLR 1000, Martindale-Hubell, Chambers Global and Chambers Europe.

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