For American HIV patients, the annual wholesale price of a common drug combination is around $37,000. In developing countries, a similar drug combination could sell for around $100 annually. Patents for some of the compounds found in these drugs are about to expire, and India-based Laurus Labs is preparing to offer generic versions at a fraction of the current cost. It will be competing with Israel-based Teva Pharmaceuticals, the world's largest maker of generic drugs.
Teva Pharmaceutical has been a symbol of Israeli entrepreneurship, and in Israel it has been called the “people’s stock.” After the 2011 death of Eli Hurvitz, Teva’s legendary former CEO and chairman, the company has floundered, going through a series of CEOs. Factors related to the company’s culture have exacerbated the challenge of finding a leader to succeed Hurvitz and positioning Teva for a changing economic environment.
Two brothers from Ireland have revolutionized the Internet’s financial infrastructure by building an “elegant architecture” that transforms handling online payments to a cut-and-paste job.
Google's Waze is doing more than just traffic maps. Now it's trying its hand at carpooling.
“When You’re in Love, the Whole World is Jewish,” a popular record album released in 1965, featured the idea that you don’t have be “part of the tribe” to enjoy its humor and traditions. Fifty-two years later, entrepreneurs are capitalizing on the revitalized enthusiasm for what has long been a mainstream taste for Jewish humor and food.
A successful French inventor and tech entrepreneur has developed a $200 device that can detect whether tennis balls are in or out. How will Sony, with its $60,000 system for tournament play, respond to this potentially disruptive innovation?
The political relationships between countries in the Middle East are complicated, with history, religion, and territorial disputes causing many impediments to cooperation. While Israeli diplomats may have difficulty working with counterparts from Arab countries, that doesn't keep Israeli businesses from doing business with Arab governments. The logistics of keeping these business relationships obscured, however, can be challenging.
Why would Saudi Arabia consider an IPO at this time of historically low oil prices? Saudi Arabia is considering a new strategic ally in its cold war against Iran: The world’s 330 million owners of publicly traded stock.
Apps have made it relatively common to have remotely controlled systems in the home. Unfortunately, these systems can be hacked, creating massive losses both financially and even physically. Dojo, a cybersecurity system domiciled in Israel and designed to pick up on hacking attempts on home systems, has garnered over $1 million in seed money for their solution to this problem.
La’Zooz is a cooperative ride-hailing service runs like a commune. It may not end capitalism, but it is a cheaper alternative to Uber if you happen to have a car or are able to code.
New Israeli ride-hailing service La’Zooz is a cooperative that relies on volunteers for coding. Riders pay with bitcoin-like tokens that can be earned by giving rides or working on the app. A bitcoin developer says La’Zooz has the potential to “eat Uber and Lyft.”
A pioneering startup accelerator is building businesses in one of the world’s toughest places. The drive and focus of the citizens in the Gaza Strip is helping create a tech hub there.
What kind of liability are major banks facing for being the conduit for money used in terrorist activities?
Entrepreneurs prefer to list their companies' shares in the U.S.
An Israeli startup is courting Wall Street clients with a service that aggregates patient conversations about drugs.
SodaStream and other companies operating in East Jerusalem and the West Bank are facing boycotts. Do these Israeli companies provide a path to peace or further poverty and the denial of rights?
Average citizens expressed outrage on Facebook and pressured Israel's second largest bank into withdrawing a sweetheart deal.
Guy Lawson explains the fraudulent workings of Bayou Hedge Fund.
After being denied claims of over $100 million against the Georgian government and being jailed, Rony Fuchs has been pardoned and received $37 million.
The precocious Israeli coder is co-founder of a startup building the one search box to rule them all, and to organize your entire online life.
What should we do to get the U.S. economy going again? Countries as diverse as Germany, Brazil, Singapore, and Thailand can offer ways for the U.S. to shore up its economy.
Research shows working-age populations are slipping in the U.S. and other industrialized nations while those of other countries are growing faster.
How concentrated is the Israeli economy?
Where will the price of gold go?
Israeli businesses have had to deal with resource scarcity far longer than many companies in other countries. This has given them a head start and is now attracting attention from venture capital firms from around the world.
The Renault-Nissan CEO is fighting to keep pace in the U.S. and chasing Chinese and Indian customers.
Israelis have traditionally viewed the U.S. dollar as a hedge against inflation, but the shekel has risen sharply against the dollar in recent years.
The dollar's fall is no secret. But what does it mean? This article chronicles the effect on sales and costs from the other side of the pond.
The rising value of the shekel is causing some Israeli firms to shift research and production out the country.
Are you ready to shut down the world oil industry? Shai Agassi is.