Harold Snyder
Teva Pharmaceutical
### Teva Pharmaceutical

With annual sales of $150 million at the time, Biocraft was taken over by [Teva Pharmaceutical Industries](/wiki/Teva_Pharmaceutical_Industries "Teva Pharmaceutical Industries") in 1996 in exchange for stock. Snyder was named a director at Teva. In 1997, he established HBJ Investments to invest in medical technology and pharmaceutical companies.


Why was HBJ Investments established?