A Look Back At Teva's History As Mylan Delivers the Drug-Maker Another Blow

Teva (TEVA) - Get Report shares were trading down Wednesday morning following news that the Food and Drug Administration approved Mylan's (MYL) - Get Report generic version of Teva's top-selling multiple sclerosis drug, Copaxone. It marks a new challenge that the company will have to overcome in addition to its $35 billion debt pile. It's important to note that things weren't always so difficult for the drug-maker. 

Teva is an Israeli company that was founded in 1901 in Jerusalem; it was a small whole drug business run by Chaim Salomon, Yitschak Elstein and Moshe Levin.

In 1935 the three opened a small pharmaceutical plant called Assia in Petah Tikva. It eventually merged with others and became the modern day iteration of Teva. 

Teva is now the world's largest generic pharmaceutical maker.

Watch More with TheStreet:

• A History of the Ford F-Series in 90 Seconds
• A Strong September Could Be Setting Up an October Pullback
• Ex-NY Yankees Trainer -- The Yankees Will Be 'Hard to Beat'
• President of Mars Wrigley Confectionery Talks Women and Engineering