Teva CEO steps down

Erez Vigodman stepped down from his role as president and CEO of Teva Pharmaceuticals, reports the Philadelphia Business Journal.

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Mr. Vigodman, who’s served as Teva’s CEO for the past three years, will also leave his position on the company’s board of directors. Teva said the departure was a mutual agreement between the board and Mr. Vigodman, according to the report.

Yitzhak Peterburg, MD, PhD, will serve as interim president and CEO while the company looks for a permanent replacement. Dr. Peterburg has been Teva’s chairman since 2015.

Mr. Vigodman’s departure comes almost two month after Teva, along with five other generic drugmakers, was named in a lawsuit filed by 20 states alleging the companies conspired to fix prices of generic treatments.

“I believe that now is the right time for me to step down,” Mr. Vigodman said in a prepared statement. “It has been a privilege to lead Teva, and I am proud of all we have accomplished. I am confident that the company’s future is bright.”

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