Teva Pharmaceuticals, already the world's biggest maker of generic drugs, has outshined U. S. drugs powerhouse Pfizer and Iceland's Actavis in the race for Ratiopharm. The agreement between the two companies is expected to take place soon, after a nine-month battle for about 3.5 billion Euros ($4.78 billion).

According to the findings of a new study published in the journal Pediatrics, the sonatas of the famous 18th-century composer Mozart can help babies gain weight and grow healthier.

Going by some media reports, including a Sunday report in the financial news website TheMarker, O2 – the mobile phone division of Telefonica – will acquire the Israeli voice over IP (VoIP) startup Jajah this week.

A portal breath tester has been devised by the Israeli Scientists that detects lung cancer with an accuracy of 87 percent, according to a study.

The researchers reported in the journal Nature Nanotechnology that this device could be highly useful in detecting the cancer at an early stage before the tumors become visible in X-rays.

According to an Israeli study, the metoclopramide drug - used largely for treating gastrointestinal (GI) problems in pregnant women, to combat the nausea or morning sickness symptoms - is safe for use during pregnancy, as it does not increase in the risk of premature delivery, birth defects, low birth weight or fetal death.

Israel's Teva Pharmaceutical Industries Ltd, which is the world's largest generic drug maker, announced on Wednesday that they have received final approval from the U. S. Food and Drug Administration, FDA for their Abbreviated New Drug Application, or ANDA, to market the generic version of acne drug Solodyn or Minocycline HCl, Extended-Release Tablets, 45 mg, 90 mg and 135 mg.

In a sudden, unexpected move the Illinois-based Sears Holdings has gone in for the acquisition of the Israeli social search engine Delver, a few days before the company was scheduled to shut down its operations! The move saves Delver's remaining 20 employees from going jobless in Israel.

In its second round of funding, Kenshoo, the Israeli startup that automates the end-to-end process of building and running SEM - search-engine marketing - campaign, received cash infusion from Sequoia Capital and Arts Alliance, its current investor.

Dow Jones VentureSource data released on Wednesday indicated that the financial meltdown notwithstanding, venture capital investment in China, India and Israel still registered a rise last year, even though the figures plunged in the US! 

Nasdaq-listed Elbit Systems Ltd has informed that its wholly-owned Israeli subsidiary, Elbit Systems Land and C4I-Tadiran Ltd. ("ESLC-T") acquired all of the shares of Shiron Satellite Communications Ltd., a privately-owned Israeli company, for a purchase price of $16 million.