Teva Pharmaceutical Industries Ltd. (Hebrew טבע תעשיות פרמצבטיות בע"מ) is a multinational pharmaceutical company headquartered in Petah Tikva, Israel. The company specializes in the production of generic drugs, active ingredients and, to a lesser extent, proprietary drugs. The company is ranked 16th in the list of the largest pharmaceutical manufacturers and 704 in the ranking of the world's largest companies Forbes Global 2000. The company has 80 factories, and the corporation itself operates in 60 countries. Teva is a member of the American Association of Pharmaceutical Researchers and Manufacturers.