Teva acquires Gecko Health Innovations

Teva
Teva

Gecko has developed a cloud-based solution to simplify chronic respiratory disease management through remote monitoring.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) has entered into a definitive agreement to acquire Gecko Health Innovations Inc. Based in Cambridge, Massachusetts, Gecko is a privately-held company, which develops software and product solutions to aid in compliance and adherence improvement in the management of respiratory diseases. No financial details about the acquisition were disclosed.

Through the agreement, Teva will acquire CareTR, a cloud-based solution developed by Gecko Health Innovations, designed to simplify chronic respiratory disease management, connecting patients and caregivers through remote monitoring and real-time adherence tools.

Teva president of global R&D and Chief Scientific Officer Dr. Michael Hayden said, “Teva is committed to optimizing respiratory care through the development of new therapies and novel delivery systems to better serve patients living with respiratory conditions."

Teva Global Specialty Medicines president and CEO Rob Koremans said, “The acquisition of Gecko Health Innovations further enhances Teva’s ability to develop and deliver truly patient-centered solutions by utilizing eConnected, data-driven technology to improve the management of respiratory diseases."

Together with Gecko Health Innovations founders, Mark Maalouf and Dr. Yechiel Engelhard, Teva will explore innovative ways to apply the CareTRx technology to its pipeline and portfolio of respiratory products to enhance clinical outcomes for patients. CareTRx is a solution comprised of a hardware device which attaches to most metered-dose inhalers (MDIs) as well as a software program which synchronizes and stores data through an app-based user interface.

Gecko CEO and founder Engelhard said, “During the last three years, we have designed and built a system to support respiratory disease management by intuitively connecting caregivers, patients, and families. 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.”

Published by Globes [online], Israel business news - www.globes-online.com - on September 25, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

Atlas Invest founders Globes readers choose Atlas Invest as favorite 2025 startup

The Tel Aviv-based startup has developed a digital platform allowing US real estate developers to raise capital and loans from investors.

Cipia Vision Credit: Company website Cipia Vision lays off 50% of workforce

The financially troubled Israeli auto-tech company raised NIS 68 million on the TASE in 2021 at a company valuation of NIS 354 million.

Israir aircraft credit: Moni Shafir Israir gets green light for Tel Aviv - New York flights

The US Department of Transport has approved US-Israel flights for the Israeli carrier.

Mentee Robotics founders credit: Mentee Robotics Shashua's Mentee to begin production of humanoid robots

Exclusive: Amnon's Shashua's Mentee Robotics will begin serial production next month of robots for use in logistics centers.

Elbit mobile mortar shell launching system credit: Elbit Systems US military aid changes hit small Israeli defense firms

The reduction to zero for overseas procurement from US military aid and the cancelation of reciprocal procurement will hurt defense companies, which unlike IAI, Elbit and Rafael, do not have US subsidiaries.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef Israel formulates measures to cut planned US tariff

Two delegations will fly to Washington for talks on the matter with proposals including cutting bureaucracy for US imports.

Ashkelon vacation home fetches unexpectedly high price

US buyers paid NIS 4.37 million for the 20th floor apartment overlooking the marina.

Igal Zamir credit: TAT Technologies Buoyant TAT Technologies "no longer under investors' radar"

The Israeli aerospace company's share price has risen 27.9% since the start of 2025.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Jerusalem, Beit Shemesh, Tel Aviv, Ness Ziona, Nahariya, and Netivot.

Zutacore cofounder and CEO Erez Freibach credit: Gal Bref, Moshe Filberg and Zutacore PR SoftBank teams with Israeli chip liquid cooling startup ZutaCore

The Sderot-based company has developed an innovative cooling technology that dramatically cuts energy costs for data centers.

Hearst Tower New York credit: Shutterstock Hearst Ventures shuts down Israel office

The closure is part of a global move to shut down offices outside the US, but the fund will continue investment in Israeli companies.

US President Donald Trump credit: Shutterstock US reciprocal procurement demands put Israel in a bind

Reciprocal procurement on major tenders injects billions of dollars into Israel every year and supports hundreds of local companies but Israel may need to relax them in exchange for US tariff cuts.

Israeli stocks on Wall Street credit Nasdaq, Raanan Tal, Itay Tagar, Space Cut design: Tali Bogdanovsky Despite turmoil, analysts bullish on Israel Wall Street stocks

After recent strong declines, analysts are tipping Israeli tech stocks, with relative immunity to recession and limited exposure to tariffs.

Intel's 2025 vision credit: Intel Will Intel's sell-off include Israeli assets?

After the sale of Altera, "Globes" considers whether the troubled chipmaker will sell Mobileye or its Kiryat Gat fab.

CloudShare management team credit: PR Bow River Capital buys Israeli co CloudShare

The Denver-based alternative asset manager is paying an estimated $60-80 million for the SaaS provider of AI guided solutions for complex technical training requirements.

Housing prices continue to rise   credit: Tali Bogdanovsky Israel's housing price rise riddle

Despite a huge inventory of unsold new homes in central Israel and weak sales, apartment prices are still rising. "Globes" analyzes the data.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018