Israeli lobby steps up heat on Sun Pharma
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.
