Pfizer’s Hunt Said to Have Included Rebuffed Teva Approach

In pursuit of growth, Pfizer Inc. is casting a wide net that included an approach to Teva Pharmaceutical Industries Ltd. late last year, people familiar with the matter said.

The Israeli drugmaker immediately rejected Pfizer’s overtures, so the contours of a transaction never took shape, said the people, who asked not to be identified because the matter was private.