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Israeli lobby steps up heat on Sun Pharma

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  • Published On: July 30, 2008
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Sun Pharma's proposed takeover of Taro Pharmaceuticals is already facing problems from investors but now it could get worse with the Israeli political lobby backing home grown Taro. In a letter to Israeli Minister of Industry, Trade & Labor, Eli Yishai and Mayor of Haifa, Yona Yahav has raised concerns that Taro sale will cost 650 jobs in Israel, as Sun Pharma might transfer Taro facilities to India.
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