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|January 14, 2003 4:30 p.m.|
|Teva Clarifies Media Reports Regarding Rasagiline Status|
Jerusalem, Israel, January 14, 2003 - Teva Pharmaceutical Industries Limited (NASDAQ: TEVA) confirms that, as previously announced, the results of the two phase III clinical trials with rasagiline in advanced Parkinson's Disease (PD) patients, which Teva is currently conducting together with H. Lundbeck A/S, are expected in the next few months. Upon successful completion of these trials, Teva intends to submit a New Drug Application for the product to the U.S. Food and Drug Administration.