Filed Pursuant to Rule 424(b)(3)
                                                      Registration No. 333-14010


                        TEVA PHARMACEUTICAL FINANCE N.V.

                     TEVA PHARMACEUTICAL INDUSTRIES LIMITED

                      SUPPLEMENT NO. 8 DATED JUNE 18, 2003
                                       TO
                       PROSPECTUS DATED NOVEMBER 14, 2001
                                 AS SUPPLEMENTED
                                       BY
                    SUPPLEMENT NO. 1 DATED NOVEMBER 28, 2001
                                     AND BY
                     SUPPLEMENT NO. 2 DATED JANUARY 15, 2002
                                     AND BY
                      SUPPLEMENT NO. 3 DATED MARCH 22, 2002
                                     AND BY
                      SUPPLEMENT NO. 4 DATED APRIL 25, 2002
                                     AND BY
                    SUPPLEMENT NO. 5 DATED SEPTEMBER 11, 2002
                                     AND BY
                     SUPPLEMENT NO. 6 DATED OCTOBER 9, 2002
                                     AND BY
                     SUPPLEMENT NO. 7 DATED OCTOBER 23, 2002

     This supplement is part of and should be read in conjunction with our
prospectus dated November 14, 2001, as supplemented by Supplement No. 1 dated
November 28, 2001, Supplement No. 2 dated January 15, 2002, Supplement No. 3
dated March 22, 2002, Supplement No. 4 dated April 25, 2002, Supplement No. 5
dated September 11, 2002, Supplement No. 6 dated October 9, 2002, and Supplement
No. 7 dated June 18, 2003 (as supplemented, the "Prospectus"). The information
we present in this supplement supersedes similar information included in the
Prospectus.

     We are supplementing the information under the caption "Selling
Securityholders" to revise the number of Debentures and ADRs owned and offered
by an existing Selling Securityholder and to include new Selling Securityholders
and the number of Debentures and ADRs owned and offered thereby:



- --------------------------------------------------------------------------------------------------------------------
                                                               Principal
                                                               Amount of
                                                               Debentures
                                   ADRs Beneficially Owned     Owned and                     ADRs Beneficially Owned
                                    Before Offering (1)(2)      Offered          ADRs           After Offering (2)
Name and Address of Selling        -----------------------       Hereby         Offered      -----------------------
Securityholder                     Amount     Percentage(3)   (in $1,000s)     Hereby (1)    Amount   Percentage (3)
- ---------------------------        -----      -------------   ------------     ----------    ------   --------------
                                                                                          
BTES-Convertible Arb               11,651          *               500          11,651          0           N/A
  1585 Avenue of the Americas
  New York, New York

- --------------------------------------------------------------------------------------------------------------------

(1) Assumes conversion of all of the selling securityholder's Debentures at a conversion rate of 23.3036 ADRs per
each $1,000 principal amount of debentures (rounded down to the nearest whole ADR) ), which gives effect of the
2-for-1 Teva ordinary share split effected December 10, 2002 (and the related split of ADRs of Teva).

(2) Includes, if applicable, conversion of all the selling securityholder's Teva Pharmaceutical Finance, LLC 1.50%
Convertible Senior Debentures due 2005 at a conversion rate of 23.1934 ADRs per each $1,000 principal amount of
debentures (rounded down to the nearest whole ADR) ), which gives effect of the 2-for-1 Teva ordinary share split
effected December 10, 2002 (and the related split of ADRs of Teva). Also includes, if applicable, conversion of all
the selling security holder's Teva Pharmaceutical Finance B.V. 0.375% Convertible Sensor Debentures due 2022 at a
conversion rate of 23.3106 ADRs per each $1,000 principal amount of debentures (rounded down to the nearest whole
ADR), which gives effect of the 2-for-1 Teva ordinary share split effected December 10, 2002 (and the related split
of ADRs of Teva).

(3) Except as noted, assumes that Debentures held by other holders are not converted.

*  Less than 1%





- --------------------------------------------------------------------------------------------------------------------
                                                               Principal
                                                               Amount of
                                                               Debentures
                                   ADRs Beneficially Owned     Owned and                     ADRs Beneficially Owned
                                    Before Offering (1)(2)      Offered          ADRs           After Offering (2)
Name and Address of Selling        -----------------------       Hereby         Offered      -----------------------
Securityholder                     Amount     Percentage(3)   (in $1,000s)     Hereby (1)    Amount   Percentage (3)
- ---------------------------        -----      -------------   ------------     ----------    ------   --------------
                                                                                          
BTOP-Growth Vs Value                46,607         *               2,000         46,607           0         N/A
   1585 Avenue of the Americas
   New York, New York


JP Morgan Securities Inc.          125,968         *               5,000        116,518         9,450        *
   500 Stanton Christiana Road
   Newark, Delaware  19713

- --------------------------------------------------------------------------------------------------------------------

(1) Assumes conversion of all of the selling securityholder's Debentures at a conversion rate of 23.3036 ADRs per
each $1,000 principal amount of debentures (rounded down to the nearest whole ADR) ), which gives effect of the
2-for-1 Teva ordinary share split effected December 10, 2002 (and the related split of ADRs of Teva).

(2) Includes, if applicable, conversion of all the selling securityholder's Teva Pharmaceutical Finance, LLC 1.50%
Convertible Senior Debentures due 2005 at a conversion rate of 23.1934 ADRs per each $1,000 principal amount of
debentures (rounded down to the nearest whole ADR) ), which gives effect of the 2-for-1 Teva ordinary share split
effected December 10, 2002 (and the related split of ADRs of Teva). Also includes, if applicable, conversion of all
the selling security holder's Teva Pharmaceutical Finance B.V. 0.375% Convertible Sensor Debentures due 2022 at a
conversion rate of 23.3106 ADRs per each $1,000 principal amount of debentures (rounded down to the nearest whole
ADR), which gives effect of the 2-for-1 Teva ordinary share split effected December 10, 2002 (and the related split
of ADRs of Teva).

(3) Except as noted, assumes that Debentures held by other holders are not converted.

*  Less than 1%