Actavis to buy Warner Chilcott for US$8.5b

May 21, 2013

CONSOLIDATION in the generics business is continuing, with the news overnight that Actavis has agreed to acquire Ireland-based Warner Chilcott for US$8.5 billion. No cash is to change hands, with the deal to be settled by a stock swap by the end of the year. The newly created company, to be called Actavis PLC, will be led by the current Actavis management, according to the Wall Street Journal. Actavis said the acquisition would see the resulting business have about $11 billion in combined annual revenue, and be the third largest US specialty pharmaceutical manufacturer, focusing on women’s health, gastroenterology, urology and dermatology.

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Pharmacy Daily | Actavis to buy Warner Chilcott for US$8.5b

Actavis to buy Warner Chilcott for US$8.5b

Other recent headlines

WA group stocks vapes

Fujitsu to protect against cyber threats

PD breaking news – Queensland pharmacies scope of practice pilot expanded

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES