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Tentative Approval Granted for Carvedilol Tablets

Jerusalem, Israel, June 9, 2004 - Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA) announced today that the U.S. Food and Drug Administration has granted tentative approval for the Company’s ANDA for Carvedilol Tablets, 3.125 mg, 6.25 mg, 12.5 mg and 25 mg. Final approval is anticipated upon expiry of patent protection for the brand product on March 5, 2007.

Carvedilol Tablets are the AB-rated generic equivalent of GlaxoSmithKline’s Coreg® Tablets and are indicated for treatment of heart failure and hypertension. Annual sales of the brand product are approximately $670 million.

Source: Teva Pharmaceuticals

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