These remarks were made on the backdrop of estimates made by analysts and sources in the industry, who fear the company may move some of its production activity from Israel to places where manufacturing is cheaper, such as East Asia.
These estimates surfaced after Teva revealed its strategic program, which stated that it would aim to reduce its production expenses worldwide.
The fear that Teva may downsize its activity in Israel also stems from the company's recent personnel change. While in the past it was led by Israel Makov, Shlomo Yanai and the late Eli Hurvitz, who were all Israelis, in the past year it is being run by Americans – Chairman Phillip Frost and CEO Jeremy Levin.
Since 2009, the number of non-Israelis on Teva's management has doubled.
Only recently, the company announced the establishment of a national center of excellence in neuroscience and brain research, which would operate in Israel.