Soros fund raises stake in Teva

|About: Teva Pharmaceutical Indus... (TEVA)|By:, SA News Editor

Teva (TEVA) has received a vote of confidence from George Soros, whose family office increased its stake in the Israeli pharmaceuticals company by 5.7M shares in Q4.

The move boosted the value of Soros Fund Management's stake in Teva to $373M, or 4% of the $9.2B vehicle.

The news comes after Teva named turn-around specialist Erez Vigodman as CEO in January.