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Teva considering bid for Mylan: DJ, citing sources

Drugmaker Teva Pharmaceuticals is contemplating a bid for generic drug company Mylan, Dow Jones reported on Friday, citing sources.

The company has not yet reached a decision on whether to make an offer, Dow Jones said. Mylan shares were up as much as 5 percent following a brief trading halt that occurred after 2 p.m. ET Friday.

In a release responding to the report, Mylan Executive Chairman Robert Coury said, "Mylan is fully committed to its stand-alone strategy, including its proposal to acquire Perrigo, and today's speculation has no impact whatsoever on this strategy."

An employee collects newly-manufactured pills from a machine at the tablet production plant at Teva Pharmaceutical Industries Ltd.'s headquarters in Jerusalem, Israel.
Adam Reynolds | Bloomberg | Getty Images
An employee collects newly-manufactured pills from a machine at the tablet production plant at Teva Pharmaceutical Industries Ltd.'s headquarters in Jerusalem, Israel.

Mylan proposed to acquire Perrigo in a $29 billion cash-and-stock deal, it said last week. Coury added in the release that Mylan has "studied" a potential combination with Teva, saying that such a deal is "without sound industrial logic."

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Teva told CNBC it did not comment on rumors. The company late last month said it would buy Auspex for about $3.5 billion.