Allergan, Plc

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This article is about the company known as Allergan, Plc. For the company which was acquired by Actavis, Plc, see Allergan, Inc.
Allergan, Plc
Traded as NYSEAGN
S&P 500 Component
Industry Branded and generic pharmaceuticals, and pharmaceutical research and development.
Founded Est 2015 through the acquisition of Allergan, Inc by Actavis, Plc
Founder Allen Chao, Ph.D. and David Hsia, Ph.D.
Headquarters Dublin, Ireland and Parsippany-Troy Hills, New Jersey, United States.
Number of locations
40 manufacturing facilities, 27 global R&D centers and marketing/sales facilities worldwide.
Area served
~100 countries
Key people
Paul Bisaro, Executive Chairman, Brenton L. Saunders President and CEO
Products Branded and generic pharmaceuticals
Revenue US$ 4.2 billion(Q1 2015) [1]
Increase US$ 1.090 billion (2014)
Decrease -US$ 1.630 billion (2014)
Total assets Increase US$ 52.529 billion (2014)
Total equity Increase US$ 28.335 billion (2014)
Number of employees
30,000 (June 2015)

On February 18, 2015, the company formerly known as Actavis, Plc announced its intention to change its name to Allergan, Plc. This was completed as of June 15, 2015. Actavis, Plc then became Actavis which now forms the US Generics division of the company.[2][3]

Corporate history[edit]


After the acquisition of Allergan, Inc by Actavis, Plc, the new company made its first acquisition on July 6, when the company acquired start-up, Oculeve, for $125 million.[4] On July 7 the company announced it would acquire Merck & Cos late stage CGRP migraine portfolio, as well as two experimental drugs (MK-1602 and MK-8031) for $250 million.[5] In July, Allergan agreed to sell off its small molecule generic drug business, Actavis, to Teva Pharmaceutical Industries for $40.5 billion ($33.75 billion in cash and $6.75 billion worth of shares),[6][7][8] a transaction to be completed in Q1 2016.[9] A day later, the company announced it would acquire Naurex Inc for $560 million with more tied to regulatory milestones.[10][11] In September the company announced it would acquire ophthalmic device start-up AqueSys for $300 million plus future sums tied to approval/sales milestones.[12] In November the company acquired aesthetic device company Northwood Medical Innovation.[13] Two days after announcing the record breaking deal with Pfizer, the company announced it would partner with Rugen Therapeutics to develop new therapies for autism spectrum disorder and obsessive compulsive disorder.[14]


Main article: Pfizer § Allergan

In late October The Wall Street Journal reported that merger talks between Allergan and Pfizer were in early phases, with Pfizer approaching Allergan due to an industry-wide drop in share prices. Any merger with Allergan would then also give Pfizer the ability to re-domicile to Ireland, taking advantage of its lower tax rates.[15][16] On 23 November, 2015, the two companies announced their intention to merge for an approximate sum of $160 billion making this the largest pharmaceutical deal ever and the third largest merger in history. As part of the deal, Pfizer CEO Ian Read will remain CEO and Chairman of the combined company (to be called Pfizer Plc), with Allergan CEO, Brent Saunders, becoming President and Chief operating officer. As part of the deal Allergan shareholders will receive 11.3 shares of the company, with Pfizer shareholders receiving one.[17]

Company evolution[edit]

Allergan, inc acquisition and Actavis, plc name change[edit]

In November 2014 Actavis, plc announced its intention to acquire Allergan, inc, the manufacturer of Botox[18] Completion of the deal would increase its market capitalization to $147 billion.[19][20] On March 17, 2015, Actavis, plc completed the acquisition of Allergan, inc in a cash and equity transaction valued at approximately $70.5 billion. The combination created a $23 billion diversified global pharmaceutical company with commercial reach across 100 countries. In June 2015, Actavis, plc officially changed its name to Allergan, plc.[21]

Allergan, plc
(formerly known as Actavis until June 2015
when it adopted Allergans name.
Merged with Pfizer 2015–2016
Actavis, plc

Auden Mckenzie Holdings Limited
(Acq 2015 by Actavis)


Durata Therapeutics
(Acq 2014 by Actavis)


Forest Laboratories
(Acq 2014 by Actavis)

Furiex Pharmaceuticals Inc
(Acq 2014 by Forest)

Aptalis Pharma
(Eurand Pharmaceuticals & Axcan Pharma merged 2011,
Acq 2014 by Forest)


(Acq 2013 by Actavis)

Warner Chilcott Plc
(Acq 2000 by Galen, adopted Warners name)

Procter & Gamble's prescription drug unit
(Acq 2009 by Warner)


Watson Pharmaceuticals

Andrx Corporation
(Acq 2006 by Watson)


Arrow Group
(Acq 2009 by Watson)


Eden Biodesign
(Acq by Watson)


Specifar Pharmaceuticals S.A.
(Acq 2011 by Watson)


Ascent Pharmahealth Ltd
(Acq 2012 by Watson)


Actavis Group
(Acq 2012 by Watson, adopted Actavis' name)

Allergan, inc

Kythera Biopharmaceuticals
(Acq 2015)

MAP Pharmaceuticals Inc
(Acq 2013)

Inamed Corporation
(Acq 2006)

(Advanced Medical Optics spun off in 2006)

(Sold 2015 to Teva Pharmaceuticals)

Naurex Inc
(Acq 2015)

(Acq 2015)

Key products[edit]


  1. ^ TheStreet Transcripts. "Actavis (ACT) Earnings Report: Q1 2015 Conference Call Transcript". The Street. Retrieved 27 November 2015. 
  2. ^ Calia, Michael (18 February 2015). "Actavis Adopting Allergan Name; Earnings Soar as Closing of Deal Looms". The Wall Street Journal. Retrieved 19 February 2015. 
  3. ^ Haggerty, Neil (15 June 2015). "Actavis Changes Name to Allergan After Deal For Botox Maker". The Wall Street Journal. Retrieved 15 June 2015. 
  4. ^ Garde, Damian (6 July 2015). "Allergan bets $125M on a new approach to dry eye disease". FierceBiotech. Retrieved 27 November 2015. 
  5. ^ Carroll, John (7 July 2015). "UPDATED: Bowing out of crowded race, Merck sells a migraine drug to Allergan for $250M". FierceBiotech. Retrieved 27 November 2015. 
  6. ^ "Allergan Accelerates Transformation to Branded Growth Pharma Leader by Divesting Global Generics Business to Teva for $40.5 Billion". Allergan. 27 July 2015. Retrieved 27 November 2015. 
  7. ^ Koons, Cynthia (27 July 2015). "Teva CEO: $40.5 Billion Allergan Deal is Just the Beginning". Bloomberg. Retrieved 27 November 2015. 
  8. ^ Somayaji, Chitra (27 July 2015). "Teva Snaps Up Allergan’s Generics Arm, Dumping Mylan". Bloomberg. Retrieved 27 November 2015. 
  9. ^ O'Donnell, Carl (3 December 2015). "Teva divesting $1 billion in assets to clear Allergan deal". Reuters. Retrieved 4 December 2015 – via Yahoo! Finance. 
  10. ^ Carroll, John (27 July 2015). "Allergan joins the hunt for a 'transformational' biotech deal". FierceBiotech. Retrieved 27 November 2015. 
  11. ^ Carroll, John (26 July 2015). "UPDATED: Allergan bags NMDA depression drugs in $560M-plus Naurex buyout". FierceBiotech. Retrieved 27 November 2015. 
  12. ^ Lawrence, Stacy (4 September 2015). "Allergan to grab AqueSys for $300M+ to add minimally invasive glaucoma microshunt". FierceMedicalDevices. Retrieved 27 November 2015. 
  13. ^ Saxena, Varun (5 November 2015). "Allergan beefs up in aesthetics with implant purchase. Does M&A suitor Pfizer approve?". FierceMedicalDevices. Retrieved 27 November 2015. 
  14. ^ "Allergan Partners with Rugen to Develop ASD, OCD Therapies". GEN. 25 November 2015. Retrieved 27 November 2015. 
  15. ^ Rockoff, Jonathan D.; Mattioli, Dana; Cimilluca, Dana (29 October 2015). "Pfizer and Allergan Begin Merger Talks". The Wall Street Journal. Retrieved 27 November 2015. 
  16. ^ Hammond, Ed; Baigorri, Manuel; Koons, Cynthia (29 October 2015). "Pfizer, Allergan Said to Discuss Record Pharmaceutical Deal". Bloomberg. Retrieved 27 November 2015. 
  17. ^ "Pfizer seals $160bn Allergan deal to create drugs giant". BBC News. 23 November 2015. Retrieved 27 November 2015. 
  18. ^ "Actavis to buy Botox-maker Allergan $66bn". BBC News. 17 November 2014. Retrieved 27 November 2015. 
  19. ^ Chen, Caroline (17 November 2014). "Actavis Surges to Top Drugmaker Ranks With Acquisitions". Bloomberg. Retrieved 27 November 2015. 
  20. ^ Willhite, James (17 November 2014). "The Morning Ledger: Actavis Could Again Evade Treasury’s Grasp for Post-Inversion Tax Break". The Wall Street Journal. (subscription required (help)). 
  21. ^ "Actavis plc is now Allergan plc". Allergan. 15 June 2015. Retrieved 16 June 2015. 

External links[edit]