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|October 27, 2005 11:50 a.m.|
|Teva and Ivax Shareholders Approve Pending Merger|
Jerusalem, Israel and Miami, Florida, October 27, 2005 - Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA) and IVAX Corporation (AMEX: IVX) announced that, at separate shareholder meetings held earlier today, their shareholders overwhelmingly approved the respective proposals submitted to them relating to the acquisition of IVAX by Teva. In excess of 98% of both the Teva shares and the IVAX shares voting voted in favor of the transaction.