Israeli generic drugmaker Teva Pharmaceuticals Industries Ltd. has reached an agreement to acquire mobile health technology company Gecko Health Innovations, Inc. The acquisition will help strengthen Teva’s respiratory capabilities and help reinforce its leadership position in respiratory care. Financial terms of the deal were not disclosed.
“During the last three years, we have designed and built a system to support respiratory disease management by intuitively connecting caregivers, patients, and families,” said Dr. Yechiel Engelhard, CEO and Founder of Gecko Health Innovations in an official statement. “In founding Gecko Health Innovations, our vision was to connect chronic medication management into one platform, leveraging this information to support and empower patients by partnering with leading players in the healthcare and pharmaceutical industries. We are very excited to realize this vision as it aligns to Teva’s focus on innovative patient solutions.”