Pharmaceutical Companies In Irvine California - February 02, 2007; Irvine, CA, USA; Allergan, Inc. Headquartered in Irvine, California. A global specialty pharmaceutical company that develops and commercializes innovative products for eye care, neuromodulator, skin care and other specialty markets. Apart from his invention
February 02, 2007; Irvine, CA, USA; Allergan, Inc. Headquartered in Irvine, California. A global specialty pharmaceutical company that develops and commercializes innovative products for eye care, neuromodulator, skin care and other specialty markets. In addition to its innovative research programs, Allergan has global marketing and sales capabilities in more than 100 countries that deliver value to our customers, address unmet medical needs and improve people's lives. Driven by technology and innovation, Allergan serves the needs of consumers worldwide with more than 5,000 employees, 4 world-class research and development facilities and 3 state-of-the-art manufacturing facilities. Mandatory credit: Photo by Camilla Zenz/ZUMA Press. (©) Copyright 2007 by Camilla Genz
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Available for editorial and personal use only. Apply for commercial use. You may use this image for editorial media and personal use only. Editorial media uses visual cues to support your story, narrative, critical or educational text. Personal use allows you to make a personal print, card or gift for non-commercial use. Not for resale. It may not be used for commercial purposes, including advertising, marketing, advertising, packaging, advertising and consumer or commercial products. This article was purchased by Actavis and Allergan, Inc. For the new company formed after the acquisition of the original company called, see Allergan.
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Allergan, Inc. American global pharmaceutical company focused on eye care, neurology, medical dermatology, medical aesthetics, breast, obesity intervention and urology. Allergan, Inc. Founded in 1948, incorporated in 1950 and became a public company in 1970.
It ceased operations in 2015 as it was acquired by Ireland-based Actavis plc (US tax inversion to Ireland in 2013), which transformed the group into Allergan plc.
The company traces its roots to 1948, when pharmacist Gavin S. Herbert founded Allergan Pharmaceuticals, Inc. in 1950. Allergan is focused on discovering and developing new formulations for specialty markets, as well as working with physicians and the scientific community. In 1953, Allergan introduced eye drops and developed new products to treat allergic inflammation, including the first cortisone eye drop and the first ophthalmic steroid decongestant.
In 1970, Allergan became a public company and was acquired by SmithKline in 1980 for $259 million.
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After 1988 revenues of $756 million and profits of $80 million, Allergan was spun off by SmithKline Beckman in 1989.
In July 2002, Allergan's eye surgery and contact care businesses were separated to create a new company called Advanced Medical Optics. In 2003, Allergan's flagship product, Botox, became the focus of high-profile litigation and media attention.
On March 1, 2013, the company acquired MAP Pharmaceuticals Inc., a development-stage company conducting preliminary research into migraine and other oral drug therapies in neurology, for approximately $958 million. This small company's main products are under review by the US Food and Drug Administration (FDA).
In December 2013, the Company sold its obesity intervention business to Apollo Dosurgery, Inc. for $75 million in cash and a $15 million minority interest in Apollo Dosurgery.
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On March 17, 2015, Actavis acquired Allergan, Inc. in a cash and stock transaction valued at approximately $70.5 billion. Completed the acquisition, which was merged into Actavis. The combination created a $23 billion diversified global pharmaceutical company with commercial exposure in over 100 countries. In June 2015, Actavis officially changed its name to Allergan, plc.
On April 22, 2014, Valeant Pharmaceuticals and hedge fund CEO Bill Ackman announced a $46 billion (CAD) bid for Allergan.
Valeant offered $48.30 per Allergan share and 0.83 Valeant shares in exchange. Allergan, Inc. The shareholders in the combined company hold 43 ct. Allergan rejected the proposal as too risky, citing Valeant's business model of serial acquisitions and low organic growth as unsustainable. Shortly after, Valeant announced that it would announce a new offer on May 28, 2014, when it was revealed that it had increased its offer to $49.4 billion.
On August 27, 2014, Valeant and Pershing Square Capital Management asked the chancellor judge to set a hearing date for August 24, 2014 to determine whether Valeant and Pershing received proper relief from Allergan shareholders. Majority of company directors.
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On the same day, Allergan announced that it had scheduled a December shareholder vote to decide whether to replace part of the company's board of directors.
On the afternoon of August 27, Bloomberg reported that Valeant and Pershing Square had won their case, with the judge setting the aforementioned hearing date for October 6.
On November 17, 2014, Actavis plc announced that it would acquire Allergan in a white knight bid valued at approximately $66 billion, fending off a hostile takeover attempt by Valeant.
In 2011, the FDA reported safety testing problems with silicone gel-filled breast implants. However, the company later announced its confidence in the safety of its drugs and its exclusion from the breast implant devices being tested, and insisted that all of its products passed global safety standards. February 02, 2007; Irvine, CA, USA; Allergan, Inc. Headquartered in Irvine, California. A global specialty pharmaceutical company that develops and commercializes innovative products for eye care, neuromodulator, skin care and other specialty markets. Apart from his invention
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February 02, 2007; Irvine, CA, USA; Allergan, Inc. Headquartered in Irvine, California. A global specialty pharmaceutical company that develops and commercializes innovative products for eye care, neuromodulator, skin care and other specialty markets. In addition to its innovative research programs, Allergan has global marketing and sales capabilities in more than 100 countries that deliver value to our customers, address unmet medical needs and improve people's lives. Driven by technology and innovation, Allergan serves the needs of consumers worldwide with more than 5,000 employees, 4 world-class research and development facilities and 3 state-of-the-art manufacturing facilities. Mandatory credit: Photo by Camilla Zenz/ZUMA Press. (©) Copyright 2007 by Camilla Genz
Available for editorial and personal use only. Apply for commercial use. You may use this image for editorial media and personal use only. Editorial media uses visual cues to support your story, narrative, critical or educational text. Personal use allows you to make a personal print, card or gift for non-commercial use. Not for resale. It may not be used for commercial purposes, including advertising, marketing, advertising, packaging, advertising and consumer or commercial products. February 02, 2007; Irvine, CA, USA; Allergan, Inc. Headquartered in Irvine, California. A global specialty pharmaceutical company that develops and commercializes innovative products for eye care, neuromodulator, skin care and other specialty markets. Apart from his invention
February 02, 2007; Irvine, CA, USA; Allergan, Inc. Headquartered in Irvine, California. A global specialty pharmaceutical company that develops and commercializes innovative products for eye care, neuromodulator, skin care and other specialty markets. In addition to its innovative research programs, Allergan has global marketing and sales capabilities in more than 100 countries that deliver value to our customers, address unmet medical needs and improve people's lives. Driven by technology and innovation, Allergan serves the needs of consumers worldwide with more than 5,000 employees, 4 world-class research and development facilities and 3 state-of-the-art manufacturing facilities. Mandatory credit: Photo by Camilla Zenz/ZUMA Press. (©) Copyright 2007 by Camilla Genz
Available for editorial and personal use only. Apply for commercial use. You may use this image for editorial media and personal use only. Editorial media uses visual cues to support your story, narrative, critical or educational text. Personal use allows you to make a personal print, card or gift for non-commercial use. Not for resale. It may not be used for commercial purposes, including advertising, marketing, advertising, packaging, advertising and consumer or commercial products. Copyright © 2023, Los Angeles Times | Terms of Service | Privacy Policy | CA Collection Notice | Do not sell or share my personal information
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Valeant Pharmaceuticals' CEO says Allergan is ripe for fat, redundant staff and big cuts to its research and development team. Above, Allergan's headquarters in Irvine.
Wall Street sharks aren't the only ones watching the battle for control of Allergan Inc., the Irvine Botox maker. As well as thousands of the company's scientists and researchers, many of whose jobs may be at risk.
The buyout effort also worries longtime Irvine merchants who fear the exodus of high-wage workers could hurt business. The mayor is also stepping in to try to protect the suburb's nearly 230,000 jobs.
Valeant Pharmaceuticals International Inc. of Canada. Trying to buy Allergan -
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