Teva Chooses New Israeli Headquarters in Tel Aviv

Teva Pharmaceutical Industries Ltd. has announced Thursday its intention to relocate its Israeli headquarters from Petah Tikva, 8 kilometers east of Tel Aviv, to northeastern Tel Aviv neighborhood Ramat HaHayal.

The move is planned for mid-2020 and will see all of the headquarters’ 1,000 employees working in one building. The new building, currently still under construction, spans 20,000 square meters, according to one person familiar with the matter who spoke to Calcalist on condition of anonymity.