Is Actavis part of Allergan?

Is Actavis part of Allergan?

DUBLIN – Actavis plc is no more – sort of. The manufacturer of generic pharmaceuticals is now officially known as Allergan PLC. In November 2014 Actavis acquired Allergan for $66 billion in a combination of cash and stock.

Is AbbVie and Allergan the same company?

Allergan is now part of AbbVie. Together, we are dedicating more to R&D to drive tomorrow’s breakthroughs, while helping people live better lives today. With the Allergan acquisition, we are bringing together over 30 brands and leadership positions to expand and diversify our product portfolio.

Was Actavis discontinued?

In popular culture. Due to their production of “Promethazine With Codeine Cough Syrup”, the main ingredient in recreational drug nicknamed ‘purple drank’, the brand has been name-dropped by multiple well known hip-hop artists. Actavis discontinued production of the syrup in 2014.

When did Allergan and Actavis merger?

March 2015
During March 2015, Actavis completed the acquisition of Allergan Inc. in a cash and share transaction valued at $70.5 billion. The acquisition created one of the world’s largest pharmaceutical companies by sales revenues.

Did Teva buy out Actavis?

Teva bought Allergan’s generic unit Actavis in 2016, paying a severely overvalued $40.5 billion for what has turned out to be one of the worst deals in the drug industry’s history.

Where is Actavis made?


Type Subsidiary
Headquarters Dublin, Ireland and Parsippany-Troy Hills, New Jersey, United States
Number of locations 40 manufacturing facilities 27 global R&D centers
Area served ≈100 countries
Key people Brenton L. Saunders (CEO and President) Paul Bisaro (Executive Chairman)

Is AbbVie owned by Abbott?

AbbVie was founded in 2013 when we became a separate company from Abbott. Our name represents a proud connection to that legacy.