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Actavis39s Dealmaking New CEO Has 39Zero Plans39 for Sale - Bloomberg

11/22/2014
09:28 | Author: Hannah Ramirez

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Actavis39s Dealmaking New CEO Has 39Zero Plans39 for Sale - Bloomberg

Actavis Plc is reinventing itself as a diverse pharmaceutical company after growing into of the world's biggest generic drugmakers. Its new.

“I think we’re hopefully getting close to embarking on a whole new frontier in understanding how the brain works,” he said. “It’s been a great area of disappointment, but I think we’re getting to the point where that may start to change.”

Actavis’ biggest product will now be the Alzheimer’s drug Namenda, making up about 9 percent of revenue, Randall Stanicky, a New York-based analyst at RBC Capital Markets, said in a ephone interview. Saunders will also have to manage sales of hundreds of generic drugs in more than 60 countries.

He’s aware of the challenge ahead.

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UPDATE 1-Salix contacts Actavis over potential sale-source Reuters

11/21/2014
07:04 | Author: Emily Peterson

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UPDATE 1-Salix contacts Actavis over potential sale-source Reuters

Adds background on Salix, Actavis and Allergan, share prices.)NEW YORK, Sept 24 (Reuters) - Salix Pharmaceuticals Ltd hasbeen in contact.

CNBC business reporter David Faber cited sources as ling him that a combination of Actavis and Salix would have more synergies than a deal between Allergan and Salix.

NEW YORK, Sept 24 (Reuters) - Salix Pharmaceuticals Ltd has been in contact with Actavis Plc about a potential sale to the larger drugmaker, even as Salix continues discussions with Allergan Inc about selling itself, according to a person familiar with the matter.

Representatives for Salix and Actavis could not be immediay reached for comment.

NYSE and AMEX quotes delayed by at least 20 minutes.

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Not for sale, says new Actavis CEO. We39re buying instead

9/20/2014
05:56 | Author: Hannah Ramirez

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Not for sale, says new Actavis CEO. We39re buying instead

After serving as Bausch & Lomb's chief exec for just 5 months, incoming Actavis CEO Brent Saunders wants to keep his new job for awhile.

Pharma Company News ∣ Generic Drug Companies ∣ Pharmaceutical Marketing & Sales ∣ FDA Regulations & Warnings ∣ Phase IV Clinical Trials.

Related Articles: More M&A: Forest snags Furiex for $1.1B as Meda stiff-arms Mylan's $9B bid Actavis inks $25B deal for Forest in bid to build its brand stable Which are pharma's top 4 innovators? Hint: It's not the big guys Actavis nabs Warner Chilcott in $8.5 billion stock swap MORE ITEMS.

- read the Bloomberg story.

And these challenges are quite different from the challenges of turning a struggling company around, as Saunders has tended to do in the past.

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7/19/2014
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5/18/2014
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