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Teva Bets Big on Israel To Reinvent the Future of Health - The Media Line
- Teva launches Teva Rise, an open-innovation platform to connect startups with Teva’s global healthcare network.
- Rise aims to test technologies in Teva’s real-world environments and scale successful tools across its global operations.
- Teva may establish an innovation center in Israel to run the Rise pilots and deepen local collaboration.
- Rise aligns with Teva’s Pivot to Growth to modernize operations through AI and digital tools.
- The first Rise call focuses on seven categories across R&D, manufacturing, supply chain, and commercial ops.
- Selected startups could receive real-world validation and potential scale across Teva’s network.
- Teva anticipates investing tens of millions of dollars in collaborative innovations.
- Teva leadership emphasizes Israel as a hub for access to advanced technologies.
- Industry context: AI and digital tools reshape every stage of drug development and manufacturing.
- Teva President and CEO Richard Francis frames Rise within Teva’s broader health transformation.
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