Tuesday, June 25, 2019

Botox maker Allergan bought by US drug giant for $63bn

Irish firm snapped up by Chicago-based AbbVie in one of biggest ever pharmaceutical deals

The US drug company AbbVie is to buy Allergan, the Irish-based maker of Botox, for $63bn (£49bn), in one of the biggest deals in the global pharmaceutical industry.

Chicago-based AbbVie, which makes the world’s best-selling drug Humira, for rheumatoid arthritis and other inflammatory diseases, said it would pay $120.30 in cash and a portion of AbbVie stock for each Allergan share. This amounts to $188.24 per share.

Continue reading...

from Mergers and acquisitions | The Guardian http://bit.ly/31PZf1E

No comments:

Post a Comment