Actavis buys Allergan and joins pharma top 10

INICIO/Noticias Farmacéuticas | Posted 28/11/2014 post-comment0 Post your comment

On 17 November 2014, US generics maker Actavis announced that the company had made a deal to acquire botox-maker Allergan for US$66 billion.

Business Aquisition V13F07

The cash and shares deal is expected to propel Actavis into the top 10 global pharma companies, with annual revenues of US$23 billion. This is just the latest foray by Actavis into the world of originator pharmaceuticals. The company, which started out in generics, bought Irish brand-name drugmaker Warner Chilcott in 2013 [1] and speciality drugmaker Forest Laboratories in February 2014 [2].

The Allergan deal, in contrast to Valeant Pharmaceuticals hostile bid, has been unanimously approved by the Boards of Directors of both Actavis and Allergan, and is supported by the management teams of both companies. Actavis anticipates that the deal will provide long-term financing flexibility.

Related article
Actavis confirms Rayos patent challenge and Warner Chilcott acquisition

References
1.   GaBI Online - Generics and Biosimilars Initiative. Actavis makes definitive agreement with Warner Chilcott [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2014 Nov 28]. Available from: www.gabionline.net/Pharma-News/Actavis-makes-definitive-agreement-with-Warner-Chilcott 
2.   GaBI Online - Generics and Biosimilars Initiative. Actavis to acquire speciality drugmaker Forest Labs [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2014 Nov 28]. Available from: www.gabionline.net/Pharma-News/Actavis-to-acquire-specialty-drugmaker-Forest-Labs 

Permission granted to reproduce for personal and non-commercial use only. All other reproduction, copy or reprinting of all or part of any ‘Content’ found on this website is strictly prohibited without the prior consent of the publisher. Contact the publisher to obtain permission before redistributing.

Copyright – Unless otherwise stated all contents of this website are © 2014 Pro PharmaCommunications International. All Rights Reserved.

Source: Actavis

comment icon Comments (0)
Post your comment
Related content
El recorrido del biológico de continuación Pectuna (pertuzumab) en Irán
Cancer Cell V13I20
INICIO/Noticias Farmacéuticas Posted 29/02/2024
Fiocruz y Pfizer firman un acuerdo para el genérico de Xeljanz
Remicade V13F28
INICIO/Noticias Farmacéuticas Posted 30/01/2024
Genfar: La nueva marca de genéricos de Eurofarma en América Latina
10 AA008993
INICIO/Noticias Farmacéuticas Posted 12/12/2023
Most viewed articles
Sobre GaBI
INICIO/Sobre GaBI Posted 06/08/2009
EU guidelines for biosimilars
EMA logo 1 V13C15
INICIO/Directrices Posted 08/10/2010