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|July 25, 2005 11:36 a.m.|
|Teva Comments on Market Rumors|
Jerusalem, Israel, July 25, 2005 - Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA), responding to news in the media regarding a potential transaction between Teva and Ivax Corporation, confirmed that it is in advanced discussions regarding a possible transaction. There can be no assurance that this transaction or any other transaction will be consummated. Teva does not intend to make any further comment, or respond to any inquiries, until an agreement, if any, is reached respecting the rights of all parties, or talks have been terminated.